Ask Terry Questions PPP grants.

PPP grants.

By Terry Savage on February 07, 2021 | Wild Card

When the first round of PPP came out I filled out the paperwork and put in the wrong amount for my income. I put in my net not my gross. I should have received $13,490.00. Instead I received $5480.00. Am I able to fix this on the second round of PPP. To receive the proper amount as per my gross income? Thank you for taking the time to read this.

Terry Says

YOu need to inform your bank through which you are applying for the PPP loan. they are the ones who can adjust. And probably thisnext round will require a 2020 return anyway, so everyone’s numbers might be different. but that was a costly mistake!

money

ASK TERRY

a personal
finance question