With a PPP loan, if I don't rehire ANY employees back can I still use?
Unfortunately, if your FTE count goes down during post crisis, youll incur a penalty by losing a portion of your qualifying expenses. For example, assume you had 10 employees pre-crisis, but only kept 6 employees post-crisis, youd have a 40% drop in your FTE count. If you had $10,000 in rent paid during the 8-week post loan period, youd lose 40% or $4,000 in potential loan forgiveness. Important note, you do not have have the same actual employees post that you had pre. You just need to keep your FTE count the same. Study the rules for calculating FTE because they are convoluted.