COVID-19: PPP & EIDL Loan Information

employee cash compensation cap

When calculating the amount of forgiveness, the cash compensation per employee is capped at an annualized salary $100,000 prorated based on the number of weeks in Covered Period. For example, for an 8-week Covered Period the maximum forgiveness is calculated as $100,000 / 52 * 8 = $15,385. For an 24-week Covered Period the maximum forgiveness is calculated as $100,000 / 52 * 24 = $46,154.


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