Treasury Provides Additional FAQs for the Paycheck Protection Program

As the second round of funding for the Paycheck Protection Program was finalized last week, the Treasury was actively updating the Frequently Asked Questions regarding the program.

Beginning with question 31, updates include clarification as to whether businesses owned by large companies qualify for a PPP loan, housing stipends, U.S. residency requirements for employees, as well as employee headcount for purposes of the eligibility threshold. The Treasury also provided answers to questions regarding agriculture producers and coops.

To read the entire Paycheck Protection Program FAQ update, click here.

 

 

 

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