The U.S. Small Business Administration (SBA) has issued guidance on how to calculate Paycheck Protection Program (PPP) loan amounts by business type and other issues.
The guidance, released shortly before the program resumed accepting PPP applications on April 27, includes questions and answers about self-employed individuals, partnerships, S and C corporations, and eligible not-for-profit organizations. Treasury issued additional guidance for seasonal employees.
The SBA also updated its PPP Q&A document to include questions 32-36.