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I just received a ppp loan and am a bit confused about the
Hi there! I just received a ppp loan and am a bit confused about the payments as a single member LLC. I don't have a normal pay schedule, and since Washington is on the stay at home order i'm not curr… read more
Jean C
Jean C
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FOR: Law Educator, Esq. You made a comment on my last
FOR: Law Educator, Esq.You made a comment on my last question. I would like to elaborate more on it please . Reference employees. I am having a hard time understanding if my businesses qualify for som… read more
Law Educator, Esq.
Law Educator, Esq.
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I'm confused on ppp forgiveness for a self employed
I'm confused on ppp forgiveness for a self employed contractor. The loan amount was based on 2019 avg salary and for 2.5 months or 10 weeks. Now for forgiveness it's only 8 weeks. So how do I get 100%… read more
Jill
Jill
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My question is in regards to the SBA PPP loan and these new
Hello, my question is in regards ***** ***** SBA PPP loan and these new eligibility guidelines. My company received the loan but I want to make sure we are right to keep it.… read more
Lori
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I own a restaurant and now got approved for the PPP loan and
I own a restaurant and now got approved for the PPP loan and it got funded today. What are the criteria for the loan to be forgiven?… read more
Lori
Lori
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We are a small recruiting and HR agency in Houston, TX. I
We are a small recruiting and HR agency in Houston, TX. I did not plan to apply for the loan when it was first approved as we were doing ok. on April the 5th, one of our client's called and asked that… read more
Law Educator, Esq.
Law Educator, Esq.
139,820 satisfied customers
For the PPP loan forgiveness, it's based on the FTE count
For the PPP loan forgiveness, it's based on the FTE count correct? As long as we maintain the FTE headcount higher than average during the annual period that was calculated for the loan?From the Treas… read more
Carter McBride
Carter McBride
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McBride: Scenario 1: Single member LLC, no 'employees'. Has
FOR Carter McBride:Scenario 1: Single member LLC, no 'employees'. Has contractors doing all the 'employee' work. gets SBA EIDL.Question. LLC has credit card debt, needs to pay for marketing expenses, … read more
Carter McBride
Carter McBride
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I am confused. I have read different information. can a
I am confused. I have read different information. can a single member llc apply for economic injury disaster loan and also for pay check protection loan? llc only works with contractors that make 'emp… read more
Matthew
Matthew
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I am a small business and have two business accounts that
I am a small business and have two business accounts that have refused a loan to me, although I have not specifically required an SBA loan. What is required for one to receive an SBA loan, and can one… read more
Daniel Luneau
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I have a question about the new SBA loans. I have applied,
I have a question about the new SBA loans. I have applied, but my I did not receive a loan. NOW I must apply again. I have a complicated set up, so this is going to be difficult to answer! I have 2 sm… read more
Zachary Fowler
Zachary Fowler
General Counsel
Juris Doctorate
77 satisfied customers
I would like to understand the following regarding a PPP
I would like to understand the following regarding a PPP Loan: 1. Is there a date range it must be used in? 2. How will loan forgiveness be determined? 3. If there is a salary in the company above 100k, that be paid thru the Loan? … read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
9,366 satisfied customers
Under the PPP Do I have to rehire the same employees for the
Under the PPP Do I have to rehire the same employees for the amount to be forgiven or can I hire different employees as long as we keep the same payroll numbers? Also, am I correct in believing that a… read more
Richard
Richard
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I'm seeking PPP loan clarification. I have a married couple
I'm seeking PPP loan clarification.I have a married couple which owns 8 LLC partnerships, 50% / 50%. One is a salon and One is a design consulting business. The other 6 entities are minor or are holdi… read more
Attorney Wendy
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I run a non-profit organization. What are the criteria for
Hello. I run a non-profit organization. What are the criteria for me to be eligible for the current stimulus funding from the government?… read more
Daniel Luneau
Daniel Luneau
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Sole Proprietor or S-corp - This is not a duplicate. Please
Sole Proprietor or S-corp - This is not a duplicate. Please do not suspend my account.)Hello, you answered one of my questions before and I have another question.My business is s-corporation owner and… read more
Kimora Pope
Kimora Pope
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I had a friend who applied for this and he's a real estate
second opinion] I had a friend who applied for this and he's a real estate agent and was eligible for more forgiveness although he makes less money. He applied for the PPP and EID. The local bank told… read more
Daniel Luneau
Daniel Luneau
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I am 50% owner of a small manufacturing business with 6 employees.
I am 50% owner of a small manufacturing business with 6 employees. We started the business in August 2008. Each partner loaned $135,000 into the company and until now each partner was actively involve… read more
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Ellen
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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