If a company qualifies for the Business Impact ERC

General

a year ago). Also, companies in the real estate industry and restaurants are not eligible for the ERC. There are two types of ERCs. One type is called the “Business Impact ERC,” and the other type is called the “Cash Assistance ERC.”

If a company qualifies for the Business Impact ERC, it will receive an amount equal to one month’s rent for every month that the business has been out of erc aggregation rules example operation during the period covered by the ERC. If a company receives a Business Impact ERC, it will be required to repay the funds in 12 months.

If a company qualifies for the Cash Assistance ERC, it will receive an amount equal to the average monthly cost of its payroll for the last 12 months during the period covered by the ERC. If a company receives a Cash Assistance ERC, it will be required to repay the funds in 12 months. Companies that are approved for the ERC will receive funding within 45 days of approval.

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