The Small Business Administration and Department of Treasury have recently released additional guidance:

How to Calculate Loan Amounts (Released June 26, 2020)

• • New question #10 on calculations for new self-employed individuals & revised questions 1, 2, 4, 5, 6, and 7 to reflect PPPFA

Please note the following Paycheck Protection Program (PPP) policy documents were released this week:

• Interim Final Rule – Revisions to Loan Forgiveness IFR and SBA Loan Review Procedures IFR (Released June 22, 2020)
• Interim Final Rule – Additional Eligibility Revisions to First Interim Final Rule(criminal justice reform provisions related to eligibility for those with a criminal record) (Released June 24, 2020)
• Interim Final Rule – Certain Eligible Payroll Costs (specifically pertaining to fishing boat owners) (Released June 25, 2020)
• Frequently Asked Questions document – FAQ #49 (Please note FAQs #12 and #20 have been revised) -Released June 25, 2020

For more information and updates, visit SBA.gov/PaycheckProtection or Treasury.gov/CARES