Originally Posted by sahm1225:
My angel - do you follow tom on Facebook, he answers there faster.
My understanding for the PPP was that You have to use 75% for payroll and 25% can be utilities and mortgage interest. So multiply your amount by 75% and divide by 8 and that’s your weekly amount To report to Unemployment. You might still be able to get PÚA if the Weekly amount is low
I'll have to go over there and ask him, thanks! I read somewhere from Tom that you could divide the proceeds by 8 and then just pay yourself that amount, but what I'm reading says that if you do that the whole amount won't be forgiven. I'm still waiting on confirmation on PUA, but it looks like I'll make more with unemployment than I will with the PPP, so I'll probably be turning down this loan after all.