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We Received Our PPP Funds, So What Now? An Updated Guide to Loan Forgiveness

We Received Our PPP Funds, So What Now? An Updated Guide to Loan Forgiveness

The average number of FTE employees on payroll per month employed between February 15, 2019 and June 30, 2019; between January 1, 2020 and February 29, 2020; or any consecutive 12-week period between May 1, 2019 and September 15, 2019 in the case of a seasonal employer.

Papers can include payroll taxation filings (typically Form 941) and state business that is quarterly specific worker wage reporting and jobless insurance income tax filings. Papers may protect durations longer compared to specific time frame.

Non-Payroll Documentation

Business Mortgage Interest re re re Payments: Copy for the loan provider amortization routine and receipts or terminated checks confirming eligible re payments through the Covered Period; or loan provider account statements from February 2020 and also the months for the Covered Period through 30 days following the end for the Covered Period verifying interest amounts and payments that are eligible.