Not a lawyer, repeating the words of someone else who’s not a lawyer.
I talked to my bank (a 3 state credit union) today, specifically asking whether I counted as my own employee. The representative implied the SBA itself didn’t know, and if they did they hadn’t shared the information yet. She also very strongly implied that as long as I filled out the forms in good faith and my supporting documents were accurate, I would not be punished for fraud.
But what does it mean to fill out the forms in good faith? Doesn’t that depend on whether or not I think I’m lying? And doesn’t that depend on what words like “current economic uncertainty renders… necessary to continue current operations… ” mean? Like, obviously I could use the money. But is it necessary? I do have savings, so it seems like I could continue operations for a while just fine without extra money...
Not a lawyer, repeating the words of someone else who’s not a lawyer.
I talked to my bank (a 3 state credit union) today, specifically asking whether I counted as my own employee. The representative implied the SBA itself didn’t know, and if they did they hadn’t shared the information yet. She also very strongly implied that as long as I filled out the forms in good faith and my supporting documents were accurate, I would not be punished for fraud.
But what does it mean to fill out the forms in good faith? Doesn’t that depend on whether or not I think I’m lying? And doesn’t that depend on what words like “current economic uncertainty renders… necessary to continue current operations… ” mean? Like, obviously I could use the money. But is it necessary? I do have savings, so it seems like I could continue operations for a while just fine without extra money...