Urgent Alert: SBA Guidance on PPP Loan Increases

Small Business Administration Business Loan Program Temporary Changes; Paycheck Protection Program (PPP) – Loan Increases

Among other things in this document, notable clarifications include:

  • A PPP loan may be increased if a partnership received a loan that did not include any compensation for its partners;
  • If a seasonal employer received a PPP loan before the alternative criterion for determining the maximum loan amount, the loan may be increased.

Read the full alert here.