Well, what you qualify for in the loan is based on prior year payroll expenses capped at $100,000/employee. So you'd have to prove what your payroll was. If you have a business and paid yourself over 100k, or had profits over that amount if not taking a salary, then you'd be eligible for $100,000 / 12 months * 2.5 months = $20,833.33. That's a simple scenario.
Holy cow, I need to start up a business.
Well, what you qualify for in the loan is based on prior year payroll expenses capped at $100,000/employee. So you'd have to prove what your payroll was. If you have a business and paid yourself over 100k, or had profits over that amount if not taking a salary, then you'd be eligible for $100,000 / 12 months * 2.5 months = $20,833.33. That's a simple scenario.
And... it's a loan.
Interesting. Thanks for that info.