4.24.20 | COVID-19 Resources | Blog Posts
SBA Provides FAQs on Calculating Payroll Costs for PPP Loans
The Small Business Administration (SBA) has released guidance to help businesses and organizations calculate their payroll costs when determining the amount of a Paycheck Protection Program (PPP) loan they can apply for.print
The FAQs are available on the Department of the Treasury website. However, these FAQs do not address the minister’s housing allowance.
In a separate FAQ issued on April 24, 2020, the SBA stated that it has approved the inclusion of the minister’s housing allowance in payroll costs when applying for a PPP loan. You can read about that here.
Additional resources are available in the COVID-19 Resources section of our website.