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The loans are forgiveable if used for salaries and rent and interest on existing debt, as long as you hire back or keep 90% of your staff at 90% of wages. So a
by onlyrealcuzzo 7y ago
The loans are forgiveable if used for salaries and rent and interest on existing debt, as long as you hire back or keep 90% of your staff at 90% of wages.
So any company can say that they used 100% of the money to pay for the approved things for 8 weeks, and that amount of money is forgiven.
Most of the loan is like free money to most companies.