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PPP Loan Forgiveness Application Form 3508S Instructions ...

Oct 31, 2020 · for each individual or the 2.5-month equivalent of their applicable compensation in 2019, whichever is lower. For an 8-week Covered Period, this amount is capped at 8/52 of 2019 compensation (up to $15,385). Payroll costs are considered paid on the day that paychecks are distributed or the Borrower originates an ACH credit transaction.

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Transcription of PPP Loan Forgiveness Application Form 3508S Instructions ...

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