This week, the Small Business Administration (SBA) released additional guidance related to loan forgiveness under the Paycheck Protection Program (PPP). Under the SBA’s interim final rule, an owner-employee with less than a 5% ownership stake in a C- or S-corporation is not subject to the owner-employee compensation limitation. Also, guidance was issued for forgiveness eligibility for related-party rent payments. Read more in this analysis by OMA Connections Partner RSM. 8/26/2020
SBA Issues Additional PPP Loan Forgiveness Guidance
08/28/2020