Jackson Kelly PLLC

Tax Monitor

New Guidance On Calculating PPP Loans

April 27, 2020

By: Mark A. Mangano

The Treasury Department issued a new guidance for borrowers on Friday, “Paycheck Protection Program How to Calculate Maximum Loan Amounts-by Business Type.”  Notable in each example the guidance notes that “PPP loan forgiveness amounts will depend, in part, on the total amount spent during the eight-week period following the first disbursement of the PPP loan.)

The new guidance can be downloaded here.

SBA begins processing PPP loans again at 10:30 am today.

 

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