COVID EIDL Loans FAQs
• Formula: (2019 gross receipts minus 2019 costs of goods sold) multiplied by 2 If you owned investment real estate, up to 2 years of lost rent based on actual 2019 rent received minus actual 2020 rent received multiplied by 2 (You will be asked to provide documentation to prove your lost rent) or $500,000, whichever is less ................
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