Paycheck Protection Program (PPP) borrowers revenue reduction Guidelines

The U.S. Small Business Administration (SBA) and Treasury issued an 18-page document recently detailing how Paycheck Protection Program (PPP) borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans. The guidance also provided what documents borrowers must provide to support calculations. SBA and Treasury issued three pieces of guidance recently: A 12-page document detailing calculation processes […]

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