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Small Business Administration Issues Additional PPP Loan Guidance

April 27, 2020


To help borrowers and lenders, the U.S. Small Business Administration issued guidance to calculate and document the maximum PPP loan amount a business may be eligible for.

The guidance addresses calculations and documentation requirements for applicants that are:

• Self-employed with no employees
• Self-employed with employees
• Self-employed farmers who report income on Schedule F
• Partnerships
• S and C corporations
• Nonprofit organizations
• Eligible nonprofit religious organizations, veterans’ organizations and tribal businesses
• Limited liability company owners

Full details can be found HERE.


Updated 4.27.2020 at 10 am.