PPP: It's Go Time
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I’ve seen credible websites saying that a business operating only in Q4 2019 can compare any quarter of 2020 to Q4 2019 for the revenue reduction qualification. Is this true? My SBA lender says they don’t have clarification on this.
4 Replies
Stephen Anderson
from ACP Management Services LLC
PPP is only 1 way the federal government provides funds for businesses that have employees. We have access to many more. Click here to find out how much more you can get from the federal government: https://gmg.me/330828
Christi Rains
from Alpha Omega Consulting & Bookkeeping, LLC
That is true. It's on page 2066 of the Appropriations Act of 2021.
https://rules.house.gov/sites/democrats.rules.h...
James Rainey
from Rainey & Rainey, Attorneys
Looks like the quarter from Q19 must correspond to the Q20. So 4th qtr 19 would be compared to 4th qtr 20. That is just the way I read the information available. Check with your bank to see how they are applying it.
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