On August 24, the Small Business Administration released an additional interim final rule regarding forgiveness qualifications under the Payment Protection Program. The purpose of the rule is to provide new clarity on (i) the SBA’s intended treatment of owner-employee compensation thresholds and (ii) the treatment of certain non-payroll costs. Our latest Alert, addressing the new interim final rule, can be found here.
Client Alert: SBA Releases Additional Interim Final Rule Regarding Forgiveness Qualifications Under the PPP – August 28, 2020
