What costs are not eligible for payroll under the Paycheck Protection Program (PPP)?
  • Employee/owner compensation over $100,000
  • Taxes imposed or withheld under chapters 21, 22, and 24 of the Internal Revenue Service (IRS) code
  • Compensation of employees whose principal place of residence is outside of the U.S

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1. What support is there for small businesses?
2. What assistance is there for nonprofits?
3. What types of businesses and entities are eligible for a Paycheck Protection Program (PPP) loan?
4. What are Small Business Administration (SBA) affiliation rules?
5. What types of non-profits are eligible for the Small Business Administration (SBA) Paycheck Protection Program (PPP) assistance?
6. How is the Paycheck Protection Program (PPP) loan size determined?
7. What costs are eligible for payroll under the Paycheck Protection Program (PPP)?
8. What costs are not eligible for payroll under the Paycheck Protection Program (PPP)?
9. What are allowable uses of loan proceeds with a Paycheck Protection Program (PPP) loan?
10. What are the loan term, interest rate, and fees for a Paycheck Protection Program (PPP) loan?
11. How is the forgiveness amount calculated under the Paycheck Protection Program (PPP)?
12. How do I get forgiveness on my Paycheck Protection Program (PPP) loan?
13. What happens after the forgiveness period for a Paycheck Protection Program (PPP) loan?
14. Can I get more than one Paycheck Protection Program (PPP) loan?
15. What kind of lender can I get a Paycheck Protection Program (PPP) loan from?
16. How does the Paycheck Protection Program (PPP) loan coordinate with Small Business Administration (SBA) existing loans?
17. How does the Paycheck Protection Program (PPP) loan work with the temporary Emergency Economic Injury Grants and the Small Business Debt Relief program?
18. Still have questions? See our other CARES Act FAQs: