Employee Benefits Eligible as “Payroll” for Small Business Payroll Protection Program Loans

April 16, 2020

The federal Small Business Administration (SBA) has issued guidance (FAQs) on Payroll Protection Program (PPP) loans available to small businesses during the coronavirus pandemic. Businesses with no more than 500 employees can apply for these loans if certain conditions are met.

The SBA FAQs answer employer questions on eligibility, calculating the amount of loan available, and what expenses qualify as “payroll” costs, including a number of employee benefits. Learn more here