PPP
General PPP Questions
- What qualifies as “gross receipts” for my business when I am entering amounts for my revenue reduction?
- Why can’t I submit my second forgiveness application before my first one, if my loan is over $150,000?
- What if I don't want to claim forgiveness on my first draw loan, but do want to claim forgiveness on my second draw loan?
- How can I update my mailing address?
- If I am a sole proprietor, independent contractor, or self-employed individual, can I increase my loan amount in light of the SBA's updates to loan amount calculations?
- What new categories of expenses will be eligible for forgiveness based on January 2021 SBA guidance?
Forgiveness Application Questions
- Can I use the SBA PPP Direct Forgiveness portal when applying for forgiveness?
- Which NAICS codes are accepted by the SBA?
- What qualifies as “gross receipts” for my business when I am entering amounts for my revenue reduction?
- If I have two PPP loans in 2021, can my Covered Periods for the two loans overlap?
- I submitted my first draw forgiveness application to Scratch already - why won’t it let me access my second draw application yet?
- What quarters or reference periods can I compare to show I experienced a 25% or more revenue reduction?