Broadcasting worldwide on Internet Radio.

Refreshing takes on legal strategies.

Straightforward answers to difficult tax questions.

Independent ideas on building wealth.

It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.

Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com. Now, here's Mark and Matt.

Welcome everybody to this week's radio show slash webinar simulcast. This is a quick note before we start with the actual show. My name is Mark Kohler and I want to give you two important updates or corrections based on what you will hear shortly thereafter in the actual webinar show and a podcast.

The first correction is the amount you can achieve.

Now, some of you, you're going to be like, what is Mark talking about this?

I don't even know what this means.

Well, when we get to it in the show, you will remember this.

There's a payroll protection program.

It's a loan that can be forgiven entirely.

Amazing, right? The maximum amount you can get in the loan is 2.5 times your average monthly payroll.

So you take the last 12 months, divided by 12, of your payroll and some other factors and figures. There's a little detail in

the actual application, which is now out for this. But you come up with that figure for over 12 months,

divide it by 12, and multiply it by 2.5. That's the maximum loan you can get. In the video, we talked

about a four-month loan amount. So ignore that.

It's 2.5 times that average payroll. The second correction or update we want to make sure you're

aware of is that once you get the loan, the payment protect, sorry, the paycheck protection

program loan, you have eight weeks to spend it wisely on

payroll, rent, mortgages, or fixed debt obligations in your business. If you use that money for

...