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Small Business Administration (SBA) Payroll Protection Program (PPP)​

Every borrower should begin preparing for the loan forgiveness process.  Make sure that you are documenting how you spend you PPP proceeds and have proper documentation.

Below is a list of some information that will be needed:

•  The number of full-time equivalent (FTE) employees on your payroll as of the following time periods
     1.  8 week “covered period”
     2.  2/15/19 to 6/30/19
     3.  1/1/20 to 2/29/20
•  Dollar amount of Payroll cost during the “covered period”
•  Dollar amount of non-payroll cost incurred during the “covered period”
•  Did you receive an SBA Economic Injury Disaster Loan (EIDL)

Click here to view the updated SBA Q&As.