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Supplemental Checklist for COVID EIDL Intake Form
If Applicant business was in operation before January 1, 2019, the maximum eligible loan amount is calculated as follows: • 2019 gross receipts or sales minus 2019 cost of goods sold multiplied by 2, or $500,000, whichever is less • For rental loss: Actual 2019 rent received minus actual 2020 rent received multiplied by 2, or $500,000,
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