We Accepted Our PPP Funds, Now Exactly What? An Updated Guide to Loan Forgiveness

We Accepted Our PPP Funds, Now Exactly What? An Updated Guide to Loan Forgiveness

The average number of FTE employees on payroll per month employed between February 15, 2019 and June 30, 2019; between January 1, 2020 and February 29, 2020; or any consecutive 12-week period between May 1, 2019 and September 15, 2019 in the case of a seasonal employer.

Papers can sometimes include payroll taxation filings (typically Form 941) and state quarterly business and specific employee wage reporting and jobless insurance coverage income tax filings. Papers may protect durations more compared to the particular time frame.

Non-Payroll Documentation

Business Mortgage Interest re re re Payments: Copy for the loan provider amortization routine and receipts or terminated checks confirming qualified re re payments through the Covered Period; or loan provider account statements from February 2020 together with months regarding the Covered Period through 30 days following the end for the Covered Period verifying interest amounts and qualified payments.

Business Rent or Lease re payments: Copy for the lease that is current and receipts or terminated checks confirming qualified re re payments through the Covered Period; or lessor account statements from February 2020 and through the covered duration through 30 days following the end for the covered period confirming qualified payments. Read more