PPP Loan Forgiveness FAQ

 

Does the $100,000 salary limit used in calculating the PPP loan amount also apply during the forgiveness calculation?

When does the 8 week (56 day) period used to calculate the forgiveness metrics begin?

  • There are two options depending on your company paycycle.
     
    Option 1: The first day of the Covered Period would be the same day you received funding on your PPP Loan.
     
    Option 2: Borrowers with a biweekly or more frequent pay period can start the eight week (56 day) Covered Period on the first day of the first pay period following your PPP Loan funding.
     
  • Read more about 8 Week Covered Period

What are eligible non-employee payroll costs for forgiveness?

What are eligible payroll costs for forgiveness?

  • Payroll costs incurred during the 8 week (56 day) Covered Period, not exceeding $100,000 per employee on an annualized basis.
  • Read more about Payroll Forgiveness

What are eligible non-payroll costs for forgiveness?

If you have an advanced question you think would be helpful for our visitors to know please submit it to support@sba.com. Due to the changing and pressing nature we will not be able to answer everyone’s questions, but if we receive the same question multiple times we will attempt to include it in our FAQ for the benefit of all users.