Jo Ann Koontz, Marina Parkin and Jackie Durham answer frequently asked questions about SBA relief loans, PPP and EIDL.
3:43 SBA FAQ 46
6:02 Does the $2 million dollar new safe harbor rule mean I will not be asked to show economic uncertainty?
8:25 Does the $2 million dollar new safe harbor rule mean my entire loan will be forgiven?
9:30 If I don't spend 75% of my loan on payroll, will any part of the loan be forgiven?
16:57 What if employees does not want to return to work after issue a written attempt to them?
18:45 Can 8-week cover period begin when I am fully operational?
21:00 Do I need to open a separate bank account for PPP funds?
22:40 I requested PPP funds to pay independent contractors, but I can't use the funds for this. Should I convert them to employees?
25:55 Where should I record my PPP loan in my accounting books?
29:30 What do I do if I Received EIDL advance but did not indicate on PPP application?
31:24 Do I need to make pension contributions during the 8-week period of the loan?
32:40 I received PPP and EIDL funds. How much is forgivable?
34:15 I received multiple PPP loans. What do I do with the funds?
35:04 Using PPP funds for rental after 2/15/2020.
36:08 As self-employed individual, do I need to 'pay myself'?
39:35 Can I include gas for my business vehicle as a forgivable utility expense?
41:12 Partner Compensation.
44:59 Can I increase my PPP if I have a seasonal business?
48:32 If part of loan is not forgiven, can I just give it back before it's converted to a loan?
51:20 Is lost rent a consideration for PPP application?