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So in May I applied for a PPP Loan. I have 5 employees plus myself. I am consider an employee so we are 6 total. Anyway, I got a decent amount to keep my employees on payroll. I do have a question though. I heard from a couple of people who are sole proprietors that applied and they got like 3 times more than myself!!! Mind you the amount we got was enough to keep my people on payroll for 2-3 mths only. My question why a sole proprietor with "no" employees technically can get more than my company??
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Hi there @phatjackfarms 👋
I recommend visiting our Paycheck Protection Program FAQ for more detailed information about the program. It looks like we've provided a detailed breakdown of how these loans were calculated! Head to this page (the link will take you to the General FAQs portion) - then find How is my PPP loan amount calculated?
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