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What is the ERC business funding requirement in 2020?
Started by Paul Watkins
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1 Replies
Posted: 37 w
What is the requirement of ERC funding, what are the chances we can have business funding through the ERC business funding program?
dan smith Joined: 37 w
Posted: 37 w
If a business experiencing operational restrictions due to government mandates, they are eligible for the period for ERC business funding.
However, if a business experienced a decrease in revenue of 50% or more in the quarter of 2020 compared to the exact quarter of 2019. they are eligible for the quarter of the decrease. Additionally to the subsequent quarter in ERC business funding policy.
If a business had to face a 20% decrease from the quarter of 2021 compared to the same quarter in 2019. Through that, it can qualify for the quarter and the next quarter automatically.
However, if a business experienced a decrease in revenue of 50% or more in the quarter of 2020 compared to the exact quarter of 2019. they are eligible for the quarter of the decrease. Additionally to the subsequent quarter in ERC business funding policy.
If a business had to face a 20% decrease from the quarter of 2021 compared to the same quarter in 2019. Through that, it can qualify for the quarter and the next quarter automatically.
