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    2 Replies Latest reply on May 5, 2020 2:26 PM by Bank of America SB Team

    Loan amount doesn't include full wages or healthcare

    devlman Wayfarer

      We received our promissory note through B of A and the loan amount is less than half of requested amount. It looks like because we're a newer company we only added employees partway through 2019 and had 8-1/2 months of payroll expenses. Despite the app having our actual monthly costs based on a full year and included healthcare costs, they just took the ~8 months of payroll alone reflected on our 940 and divided it by 12. Straightening this out given the current climate and lack of contact points seems like it would be nearly impossible. Anyone have issues with this same scenario and advice for remedies? Thanks.