When you sign up there is a calculator to input your monthly expenses (rent, utility’s, payroll including insurance). Then it will compute your estimated loan amount. Anyone entered over 100k is not taken into consideration.
If you laid off employees you have a period of time to bring them back and qualify for the loan.
If you cannot show the loan was to keep employees on payroll or rent/utilities then the loan is not forgettable.
There is too many unknowns with this. Employees can be laid off and obtain UE bennies plus extra money from the state. Probably would benefit them more. Instead of taking on debt and hopefully it’s forgiven or for whatever reason it’s not. Then when this is all done and business back and I can pay it back within the 18-24 months given.