However, 100% of the principle is eligible for loan forgiveness, so long as you spend the ⇐ 75% of the total amount on payroll costs (i.e. pay the money to yourself).
The grammar for this sentence seems a little borked, so I wanted to double check: At most 75% of the money can be paid to yourself?
At least 75% of the loan proceeds must be used to cover payrolls costs in order to receive total loan forgiveness. This information will be verified when you request loan forgiveness.
The grammar for this sentence seems a little borked, so I wanted to double check: At most 75% of the money can be paid to yourself?
Nope. That was just a typo. It should read “>= 75%”.
The Kabbage application says: