I just read that Biden changed the formula for us small businesses so now we can calculate our PPP2 on our Gross income not Net income. HUGE difference!! And for the next 14 days the 'small business apps with fewer than 20 employees will be processed first. I'm saying this news is worth the wait!!!! Best news in a very longtime!! I always thought the first PPP loan should have been calculated off our Gross and not Net. Didn't make any sense to me? Glad to see someone else agrees and did something about it!
Just looking forward to my app from Square. 🙂 I know I qualify. 🙂
Biden Changes PPP Rules to Help America's Smallest Businesses | Inc.com
