Does 5 employees mean 5 bodies or full-time equivalents (FTE’s)?

The number of employees is based on full-time equivalents. A full-time equivalent is determined by adding the hours of part-time employees on a monthly basis and dividing by 120. For instance, if an employee works:

5 hours/ week = 0.167 FTE

10 hours/ week = 0.333 FTE

15 hours/week = 0.500 FTE

20 hours/week = 0.667 FTE

25 hours/week = 0.833 FTE

30 hours/week = 1.000 FTE

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1. How long will it take to be approved?
2. What if I already applied for other Federal, State, or County assistance programs (i.e. SBA Economic Injury and Disaster Loans (EIDL) or Paycheck Protection Program (PPP)? Can I still apply?
3. What documents will I be required to submit?
4. If I had 12 employees before COVID-19, but had to reduce my work force and now only have five employees, do I still qualify?
5. My spouse also works in the business, are we counted as one or two separate employees?
6. Does 5 employees mean 5 bodies or full-time equivalents (FTE’s)?