SBA PPP: What the FTE?

As businesses have begun to wrap up their Paycheck Protection Program (“PPP”) loan covered period or decide whether to extend a little longer, the number one question is around the full-time employee equivalent ("FTE" or "FTEE") calculation. We have compiled a list of commonly asked questions around FTEs and are pleased to provide best practices on how to calculate average FTEs for your loan forgiveness application.

To review this guidance, including insight regarding safe harbor tests to determine whether Safe Harbor 1 may apply to you due to reduced business activity, visit us online.

RESTAURANTS Act
of 2020 

Although still in the proposed legislation stage, this Act is billed as a restaurant stabilization grant program focused on independently owned restaurants. Review a summary of the proposed $120 billion grant program designed to provide relief amid the pandemic.

PPP: Filing Before The 24-Week Period

Recently, guidance was released addressing PPP loan forgiveness. Chief among the clarifications include the forgiveness covered period and the new safe harbor. What does this mean for you? What is the catch? You will want to keep these considerations top-of-mind.

5 Key PPP Loan
Forgiveness FAQs

In response to the Treasury's Interim Final Rules regarding loan forgiveness and SBA loan review procedures, we are pleased to provide answers to five of the most frequently asked questions when it comes to applying for PPP loan forgiveness. Learn more by clicking here.

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