HI,
Thank you for mentioning that it is 10.5-11 weeks of wages over 8 weeks. Does this mean we can pay the employees 10.5 weeks of wages over 8 weeks? When I applied for ppp I wasnt asked about total number of FTE. I am one employee down of fte and everyone else is on emergency covid FMLA. Do they need to stay on FMLA by end of June for my loan to be forgiveable. I did not ask for their salary amount when I applied as they were already on FMLA. Thanks for your advice.
I don’t understand your office situation - you have no staff working for you right now? (“one employee down and everyone else is on FMLA”.) The SBA has now published official guidance on its forgiveness formula: SBA PPP Loan Forgiveness Application Form
You can plug numbers into your situation and various hypotheticals and see what comes out.