Why does it say they will reduce our PPP forgivness by the amount of the advance? The eidl was a grant(advance) is not supposed to be PAID back! 2 different programs. And. If it reduces our forgiveness we would.not be paying employees 75% of payroll and thus we are turning the reduced amount into a 1% 2yr loan which is ridiculous. What if your grant was $10,000 ?
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Why does it say they will reduce our PPP forgivness by the amount of the advance? The eidl was a grant(advance) is not supposed to be PAID back! 2 different programs. And. If it reduces our forgiveness we would.not be paying employees 75% of payroll and thus we are turning the reduced amount into a 1% 2yr loan which is ridiculous. What if your grant was $10,000 ?