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Can payments to consultants and independent contractors be included in payroll costs for the SBA loan program?

Posted on April 16, 2020 by Zach Poley

The purpose of the SBA loan program is to help as many startups retain and continue to pay their employees as possible. So, payment to consultants and independent contractors can be included in the payroll costs for the SBA loan.

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 Does the SBA loan program require a personal guarantee?If a startup is categorized as an essential business, will it impact their eligibility for the SBA loan program? 

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