Happy Friday and Good Morning.
Desperately need some advice.
We are missing the 2nd PPP loan by 0.32%. We are not meeting the requirement of 25% revenue reduction in a given quarter due to the Provider Relief Fund money we received. I know the Provider Relief money from HHS is taxable and considered as income but it is not an income from seeing patients.
Could I file for the 2nd loan without that HHS Relief money in the application but also upload the bank statements to show that we did receive the HHS Relief money and then leave it to the bank and SBA to decide whether they will give me the loan or not?
My deadline for filing is Tuesday 3/9 as we have less than 20 employees.
I would really appreciate any feedback you all have. My accountant is also not sure and wants me to check with our bank and with the Forum.
Thank you all very much. Have a wonderful weekend and stay safe.