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Ami's slides and a recording of this session will be posted in the Inc. Masters community after the session is over.

Whats the clause for no dividends for owners for 1 year from origination of loan? Can you clarify?

Is the first program you described with the payroll relief the PPP program? And it is distinct from the EIDL, correct?

so my contractors in USA can be paid thro loan proceeds but my employees in an overseas subsidiary cannot be paid?

We were in the process of getting funding through an SBA backed Loan. Will the SBA still be doing any New Business Loans? I put in the Q&A too but I didn't see any conversation there so positing here as well.

do we apply through our bank or through sba?

Mark Cuban says don’t go to sba go to your bank?

What if we had a layoff late last year so our average monthly salary for most of 2019 will be higher than 2020? How will this effect our loan application based on 2019 average monthly salary and the amount we’ll be forgiven if our 8 week period will definitely be lower?

If we filed through the SBA EIDL site, should we go directly to our bank as well and ask if they will be participating?

How does this apply if our entity structure has separate entities for our properties, which have mortgages, and a different entity for our payroll?

A 10K advance on the EIDL loan is also forgiven, correct?

Can you please be as specific as possible on how loan max will be determined and how the forgiveness of that loan will be granted. Our 2019 payroll cost will be very much less than our current 2020 after hiring highly compensated employees in 2020

So to qualify we most hold our payroll to 75% of Feb 15th payroll?

Is it 75% of the employees or 75% of the amount of payroll?

Could you please clarify on contractors outside US working for a US company? Thank you

This is Charles. We are a C Corp. Do we include the employees of a wholly-owned LLC with 5 employees? Do we file separately or together?

can we send a bill to the Chinese govt. for all of this?

Can Multifunding help with the PPP and EIDL programs?

when will there be a list of banks that we can apply for the PPP?

Are union fringes included in the payroll calculation?

Does interest include interest on existing bank lines of credit?

What if we had a layoff late last year so our average monthly salary for most of 2019 will be higher than 2020? How will this effect our loan application based on 2019 average monthly salary and the amount we’ll be forgiven if our 8 week period will definitely be lower?

where is the best website to get updates on clarifications and new guidance?

Did I hear right, if you have a company credit card, you are disqualified from loan?

no I don’t think so

For clarity, the 8 week period begins the date you receive the loan and then those costs of rent, utilities, mortgage interest and p/r cost is what is forgiven? Is paid maternity leave account in those costs as well?

So payroll is forgivable for just 60 days, but rent is forgivable for 4.5 months? Or is it that loan is good for 4.5 months of the allowable expenses and only 60 days worth is forgivable

Currently own 40+ properties in an LLC, the properties are rented. Will I qualify for a loan and forgiveness on the mortgage payments on these properties for that 60 day period?

I have 1099's that I pay who are incorporated. Do I claim them on my payroll or do they apply for relief on their own?

We'll post Ami's website and links to everything in our recap post on the Inc. Masters community site after this call.

Thank you.

Thank you everyone for joining! We will continue the conversation and post Ami’s slides and a recording of this webinar in the Inc. Masters community after this session. You can access the community here: https://connect.mansueto.com/incmasters. If you have any issues accessing the website, please email us at community@inc.com.

Thank you!