WebMay 5, 2024 · Let’s say your total 2024 payroll costs, including your salary, comes to $150,000. Step Two: Divide $150,000 by 12. This gives you $12,500, which you input into the “Average Monthly Payroll” box on your PPP application. Step Three: Multiply $12,500 by 2.5 to find your “Loan Request” amount. In this case, it’s $31,250.
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Webimplementing updates to the PPP. This FAQ applies only to First Draw PPP Loans. Different eligibility requirements apply to Second Draw PPP Loans. See . FAQ #63 and subsection (c) of the interim final rule for Second Draw PPP Loans. 4 . See . subsections B.1.g.v., B.1.g.vii., and B.1.g.viii. of the consolidated interim final rule implementing ... WebJan 31, 2024 · When the American Rescue Plan Act was signed into law on March 11, 2024, it provided $7.25 billion for PPP forgivable loans. Additional legislation known as the PPP Extension Act of 2024, signed ... WebApr 15, 2024 · While the Act provides that PPP loan proceeds may be used for the purposes listed above and for other allowable uses described in section 7(a) of the Small Business Act (15 U.S.C. 636(a)), the Administrator believes that finite appropriations and the structure of the Act warrant a requirement that borrowers use a substantial portion of the loan ... 7g rainbow colony full movie in hindi dubbed download filmywap