thread Re: How do I enter a net loss on the PPP application in Archived Discussions (Read Only)

How do I enter a net loss on the PPP application

saultman — Fri, 24 Apr 2020 15:03:43 GMT

How do I enter a net loss amount on the PPP application?

JustinC — Fri, 24 Apr 2020 22:29:22 GMT

Are you asking where to enter net loss on the application or how to calculate it?

saultman — Sat, 25 Apr 2020 04:03:18 GMT

@JustinC how to enter it. On the app it isnt allowing me to enter a net loss. So I am wondering if we have a net loss, can we not apply for PPP?

JustinC — Sat, 25 Apr 2020 19:37:55 GMT

Gotcha. I double checked my resources and found out that you won't be able to apply unless you have a net profit. Sorry about that.

delmarsteak — Sat, 25 Apr 2020 19:42:56 GMT

when we apply they didnt ask for any of this ?????//

saultman — Sat, 25 Apr 2020 20:46:51 GMT

@JustinC. Thank you so much for answering. I thought that might be the case.

AMPM — Sun, 26 Apr 2020 12:51:21 GMT

@Justin What resources did you see this information ? Are you a member of the community or are you part of Square?

Thank you

isabelle — Mon, 27 Apr 2020 16:27:20 GMT

Justin is a Square employee, and a Seller Community moderator.