PPP Lender Guidance Details How Borrowers Apply for a Second PPP Loan
Abrigo
JANUARY 7, 2021
Generally, receipts are considered “total income” (or in the case of a sole proprietorship, independent contractor, or self-employed individual “gross income”) plus “cost of goods sold,” and excludes net capital gains or losses as these terms are defined and reported on IRS tax return forms. Lending & Credit Risk. SBA Lending.
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