Hopefully, you were able to get PPP app acknowledged plus the loans had been disbursed. If not, never lose hope. Round two is originating!
I state “may” just like the finally laws towards the forgiveness commonly typed but really, so the spreadsheet is founded on my personal most recent look and blogged pointers up until now.
- Go into the full quantity of your PPP loan in the “PPP Loan amount” industry. This ought to be their complete/net PPP disbursement.
- Enter the day the funds strike your account from the “Go out fund disbursed” occupation. Current assistance try which you have 7 months to amass this new quantity accustomed estimate the newest forgiveness component of your loan. Which (hopefully) may differ, but at present, you really have 56 months off disbursement so you're able to spend some the money.
- Enter into your mediocre quantity of full-time-equivalent group (FTEs) into several months in the “Avg FTEs 1/one or two/29” industry.