New guidance from the U.S. Small Business Administration (SBA) and Treasury issued Tuesday, Jan. 19, details how Paycheck Protection Program (PPP) borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans.
The 18-page Q&A document addresses a variety of situations involving different types of organizations for first- and second-draw loan calculations. The guidance also lists the documents borrowers need to support each set of calculations. Learn more.