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.