Legal Alerts/Details

SBA Issues Interim Final Rules for PPP “Second Draw” Loans and Existing PPP Loans

January 08, 2021
  1. PPP applicants must submit documentation sufficient to establish eligibility and to demonstrate the qualifying payroll amount such as payroll records, payroll tax filings, or Form 1099-MISC, Schedule C or F, income and expenses from a sole proprietorship; other supporting documents such as bank records must be provided if no other documentation is available.

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