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https://www.sba.gov/sites/default/files/resource_files/PPP_Loan_Forgiveness_as_of_September_30_2020.pdf
1. Take the average number of hours paid per week, divide by 40, and round the total to the nearest tenth. • The maximum for each employee is capped at 1.0. 2. Or, simply assign a 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work fewer hours. 9
https://bouldersbdc.com/wp-content/uploads/sites/2/2020/11/PPP-Long-Form-FINAL.pdf
Basically, everyone who works 40 hours or more a week counts as 1 FTE. Everyone who works less than 40 hours per week counts as .5 FTE. Yes—someone working 38 hours a week is .5 and someone working 2 hours a week is .5. The second method will require you …
https://www.sba.gov/sites/default/files/2021-07/PPP%20--%20Forgiveness%20Application%20and%20Instructions%20--%203508%20%287.30.2021%29-508.pdf
Loan Forgiveness Application Form 3508 Revised July 30, 2021 . PPP Loan Forgiveness Calculation Form . Business Legal Name (“Borrower”) DBA or Tradename, if applicable Business Address NAICS Code Business TIN (EIN, SSN, ITIN) Business Phone ( ) - Primary Contact E-mail Address ☐rst Draw PPP Loan . Fi ☐ Second Draw PPP Loan (check one)
https://bench.co/blog/operations/ppp-forgiveness-application-form/
Page 1: PPP Loan Forgiveness Calculation Form. Business Legal Name (“Borrower”) DBA or …
https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf
The information provided in this application and the information provided in all supporting documents and forms is true ... No reduction in employees or average paid hours: ... line 13 of PPP Schedule A by dividing line 12 by line 11 of that schedule. SBA Form 3508 ( 06/20) Page 4 .
https://hrwisellc.com/a-simple-guide-to-fill-out-your-ppp-forgiveness-application-form/
A Simple Guide to Fill Out Your PPP Forgiveness Application Form. Leave a Comment / Coronavirus / COVID-19. As of June 16, 2020 there are now two different applications that can be filled out when it is time for you to apply for forgiveness on your Paycheck Protection Program Loan. ... Average FTE: Calculate the average number of hours paid per ...
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