Replies to post #54720 on Eline Entertainment Group Inc (EEGI)

[Scumbag Fraudsters]

Ya mean Whitey?

He's probably a little busy fighting his fraud cases.

And loan applicants needs to have actual expenses.


The process to calculate the amount of loan forgiveness requires three steps:

1. Determine the maximum amount of possible loan forgiveness based on the borrower’s expenditures during the 8 weeks after the loan is made;

2. Determine the amount, if any, by which the maximum loan forgiveness will be reduced because of reduced employment or reduced salaries and wages; and

3. Apply the 75% rule that requires that at least 75% of eligible loan forgiveness expenses go towards payroll costs.


It's pretty simple in Eline's case:

Zero

Zero

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