Tax Monitor

SBA FAQ Updated on Sunday

April 27, 2020

By: Mark A. Mangano

The SBA Payment Protection Loan Programs FAQs has been updated to add Question 36 that deals with borrower eligibility. In calculating the 500 employee threshold, part-time employees are counted in addition to full-time employees. Part-time employees are not counted on a FTE basis.

Read the updated FAQs here.