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#2250383 - 03/11/21 02:38 PM PPP loans
Jennifer Offline
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Jennifer
Joined: Dec 2014
Posts: 192
PPP loans should show 60% (at least) for payroll correct?

Business X receives a PPP loan but issues a check to Business Z (same business) owner for a portion of those PPP funds? Seems odd since the PPP loan was issued to Business X. Any thoughts?

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#2250441 - 03/11/21 08:58 PM Re: PPP loans Jennifer
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,796
You are here
Business x could pay Business Z for rent or utilities.

You do not know until you ask or they apply for forgiveness
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