PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

$100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

$100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is HOW TO COMPLETE YOUR PPP LOAN APPLICATION Step 2: Add or Confirm Existing Business Information. Make sure everything in this section is fully filled in. Below are some sections to pay special attention to. Business address: Confirm that the address is accurate, including the 5-digit zip code (it’s important

that it’s the 5

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Below is the official answer from Q15 as of April 10, 2020. Answer: No. Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor will itself be eligible for a loan under the PPP, if it SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners DO APPROVED PAYCHECK PROTECTION PROGRAM (PPP) LOANS NEED Under the interim rules, if you received your PLP number on or before April 28, 2020, your lender has 10 calendar days from April 28, 2020 to fund your loan. So, if you received your PLP number on April 20, 2020, your lender has until May 8, 2020 to fund your loan. If you received your PLP number anytime after April 28, 2020, your lender has

10

FAQ - EIGHT WEEK FORGIVENESS PERIOD - SBA Option 1: The first day of the Covered Period would be the same day you received funding on your PPP Loan. Option 2: Borrowers with a biweekly or more frequent pay period can start the eight week (56 day) Covered Period on the first day of the first pay period following your PPP Loan funding. There are two methods to determine when your 8 week

MISSISSIPPI

Mississippi PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. NEVADA - PPP FUNDED COMPANIES - SBA Nevada PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALASKA - PPP FUNDED COMPANIES - SBA Alaska PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

$100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

$100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is HOW TO COMPLETE YOUR PPP LOAN APPLICATION Step 2: Add or Confirm Existing Business Information. Make sure everything in this section is fully filled in. Below are some sections to pay special attention to. Business address: Confirm that the address is accurate, including the 5-digit zip code (it’s important

that it’s the 5

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Below is the official answer from Q15 as of April 10, 2020. Answer: No. Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor will itself be eligible for a loan under the PPP, if it SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners DO APPROVED PAYCHECK PROTECTION PROGRAM (PPP) LOANS NEED Under the interim rules, if you received your PLP number on or before April 28, 2020, your lender has 10 calendar days from April 28, 2020 to fund your loan. So, if you received your PLP number on April 20, 2020, your lender has until May 8, 2020 to fund your loan. If you received your PLP number anytime after April 28, 2020, your lender has

10

FAQ - EIGHT WEEK FORGIVENESS PERIOD - SBA Option 1: The first day of the Covered Period would be the same day you received funding on your PPP Loan. Option 2: Borrowers with a biweekly or more frequent pay period can start the eight week (56 day) Covered Period on the first day of the first pay period following your PPP Loan funding. There are two methods to determine when your 8 week

MISSISSIPPI

Mississippi PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. NEVADA - PPP FUNDED COMPANIES - SBA Nevada PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALASKA - PPP FUNDED COMPANIES - SBA Alaska PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

$100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

$100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is HOW TO COMPLETE YOUR PPP LOAN APPLICATION Step 2: Add or Confirm Existing Business Information. Make sure everything in this section is fully filled in. Below are some sections to pay special attention to. Business address: Confirm that the address is accurate, including the 5-digit zip code (it’s important

that it’s the 5

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Below is the official answer from Q15 as of April 10, 2020. Answer: No. Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor will itself be eligible for a loan under the PPP, if it SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners DO APPROVED PAYCHECK PROTECTION PROGRAM (PPP) LOANS NEED Under the interim rules, if you received your PLP number on or before April 28, 2020, your lender has 10 calendar days from April 28, 2020 to fund your loan. So, if you received your PLP number on April 20, 2020, your lender has until May 8, 2020 to fund your loan. If you received your PLP number anytime after April 28, 2020, your lender has

10

FAQ - EIGHT WEEK FORGIVENESS PERIOD - SBA Option 1: The first day of the Covered Period would be the same day you received funding on your PPP Loan. Option 2: Borrowers with a biweekly or more frequent pay period can start the eight week (56 day) Covered Period on the first day of the first pay period following your PPP Loan funding. There are two methods to determine when your 8 week

MISSISSIPPI

Mississippi PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. NEVADA - PPP FUNDED COMPANIES - SBA Nevada PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALASKA - PPP FUNDED COMPANIES - SBA Alaska PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Below is the official answer from Q15 as of April 10, 2020. Answer: No. Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor will itself be eligible for a loan under the PPP, if it $100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Step 2: Subtract any compensation paid to an employee in excess of an annual salary of $100,000 and/or any amounts paid to an independent contractor or sole proprietor in excess of $100,000 per year. Step 3: Calculate average monthly payroll costs (divide the amount from Step 2 by 12). Step 4: Multiply the average monthly payroll costs from PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Independent contractors and self-employed individuals that have been adversely impacted by the COVID-19 pandemic have been eligible to apply for these loans since April 10, 2020. The requirements are

straightforward.

FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Below is the official answer from Q15 as of April 10, 2020. Answer: No. Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor will itself be eligible for a loan under the PPP, if it $100,000 SALARY LIMIT The answer is yes, the forgiveness calculation cannot exceed an annualized salary of $100,000. So if you are paying an employee an annualized salary of more than $100k, you can only be forgiven for a pro-rated $100k. You will be able to include health care and retirement plan costs on top of the $100,000 but no cash salary. Page

2 of Form 3508.

SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners FAQ - OUTSOURCING PAYROLL PEO - SBA For borrowers who outsource their payroll to a PEO or other payroll provider, the borrower will need to acquire documentation that shows the amount of wages and payroll taxes reported to the IRS. More detail listed below. Linked here and pasted below is the text from the official question and answer document published by the Department of

the

DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is HOW TO COMPLETE YOUR PPP LOAN APPLICATION Step 2: Add or Confirm Existing Business Information. Make sure everything in this section is fully filled in. Below are some sections to pay special attention to. Business address: Confirm that the address is accurate, including the 5-digit zip code (it’s important

that it’s the 5

AFFILIATION RULES FOR SBA PPP LOAANS Affiliation Rules for the U.S. SBA Paycheck Protection Program (PPP) The U.S. Small Business Administration’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies

that it is

FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Below is the official answer from Q15 as of April 10, 2020. Answer: No. Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor will itself be eligible for a loan under the PPP, if it SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Yes. On April 27, 2020, Treasury issued an interim final rule allowing seasonal borrowers to use an alternative base period for purposes of calculating the loan amount for which they are eligible under the PPP. Instead of following instructions on page 3 of the Borrower Application Form for the time period for calculating average monthly

S CORPORATION

S Corporation. S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. S corporations have the added benefit of pass-through taxation; meaning, business income/loss is reported on the owners DO APPROVED PAYCHECK PROTECTION PROGRAM (PPP) LOANS NEED Under the interim rules, if you received your PLP number on or before April 28, 2020, your lender has 10 calendar days from April 28, 2020 to fund your loan. So, if you received your PLP number on April 20, 2020, your lender has until May 8, 2020 to fund your loan. If you received your PLP number anytime after April 28, 2020, your lender has

10

FAQ - EIGHT WEEK FORGIVENESS PERIOD - SBA Option 1: The first day of the Covered Period would be the same day you received funding on your PPP Loan. Option 2: Borrowers with a biweekly or more frequent pay period can start the eight week (56 day) Covered Period on the first day of the first pay period following your PPP Loan funding. There are two methods to determine when your 8 week NEVADA - PPP FUNDED COMPANIES - SBA Nevada PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALASKA - PPP FUNDED COMPANIES - SBA Alaska PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALBANY MECHANICAL SERVICES INC, GREEN ISLAND, NY ALBANY MECHANICAL SERVICES INC, located in GREEN ISLAND, NY has a $350000 - $1000000 PPP loan from First National Bank of Scotia and retained 63 jobs. This information is PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Disclaimer: The information provided by the SBA.com® PPP Loan Calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical, may not be applicable to your individual situation and may not represent the most recent guidance published by the U.S. Small Business Administration. PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS This page is about PPP loans for 1099 independent contractors. For more information on PPP loans generally go here. Update (1/11/21): As of January 11, 2021, PPP applications are open again. FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury on April 10, 2020, which you should reference: $100,000 SALARY LIMIT Does the $100,000 salary limit used in calculating the PPP loan amount also apply during the forgiveness calculation? Yes. When applying for the PPP loan, the loan amount was derived from a calculation of salary costs, with all salaries capped at $100,000.

S CORPORATION

S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury, which you should reference: FAQ - OUTSOURCING PAYROLL PEO - SBA Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury on April 10, 2020, which you should reference: DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR Disclaimer: The information provided by the SBA.com® PPP Loan Calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical, may not be applicable to your individual situation and may not represent the most recent guidance published by the U.S. Small Business Administration. PPP LOANS FOR 1099 INDEPENDENT CONTRACTORS This page is about PPP loans for 1099 independent contractors. For more information on PPP loans generally go here. Update (1/11/21): As of January 11, 2021, PPP applications are open again. FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury on April 10, 2020, which you should reference: $100,000 SALARY LIMIT Does the $100,000 salary limit used in calculating the PPP loan amount also apply during the forgiveness calculation? Yes. When applying for the PPP loan, the loan amount was derived from a calculation of salary costs, with all salaries capped at $100,000.

S CORPORATION

S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury, which you should reference: FAQ - OUTSOURCING PAYROLL PEO - SBA Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury on April 10, 2020, which you should reference: DELAWARE - PPP FUNDED COMPANIES - SBA Delaware PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. BEVTEK, INC., HAINESPORT, NJ BEVTEK, INC., located in HAINESPORT, NJ has a $350000 - $1000000 PPP loan from Investors Bank and retained 64 jobs. This information is provided by the U.S. Treasury. BC INTERNATIONAL GROUP INC, TOTOWA, NJ BC INTERNATIONAL GROUP INC, located in TOTOWA, NJ has a $2000000 - $5000000 PPP loan from Webster Bank, National Association and retained 435 jobs. This information is HOW TO COMPLETE YOUR PPP LOAN APPLICATION This page is intended for users that submitted a loan request through SBA.com® and are using SBA.com®’s partner to gather and complete their PPP loan application. AFFILIATION RULES FOR SBA PPP LOAANS The U.S. Small Business Administration ’s (the U.S. SBA) PPP loans are generally only available to businesses with fewer than 500 employees. In calculating the number of employees to meet this employee limit, a business must include the employees of any companies that it is “affiliated” with under the U.S. SBA’s rules. FAQ - CONTRACTORS AND PAYROLL CALCULATIONS FOR PPP Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury on April 10, 2020, which you should reference: DO APPROVED PAYCHECK PROTECTION PROGRAM (PPP) LOANS NEED You just learned about: Do Approved Paycheck Protection Program (PPP) Loans Need to Fund in Ten days? For more information, check out this related resource: Funding a Business Do you have a topic suggestion? We are working rapidly to update our resources and content. FAQ - EIGHT WEEK FORGIVENESS PERIOD - SBA SBA.gov. We have no affiliation with the U.S. Small Business Administration or any other government agency. We are a private business providing resources for SEASONAL EMPLOYER PPP LOAN AMOUNT CALCULATION Linked here and pasted below is the text from the official question and answer document published by the Department of the Treasury, which you should reference:

S CORPORATION

S corporations share some of the benefits of limited liability enjoyed by a C corporation, meaning that the owners (called shareholders) are not personally responsible for business debt and liabilities. NEVADA - PPP FUNDED COMPANIES - SBA Nevada PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALASKA - PPP FUNDED COMPANIES - SBA Alaska PPP Funded Companies. This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. ALBANY MECHANICAL SERVICES INC, GREEN ISLAND, NY ALBANY MECHANICAL SERVICES INC, located in GREEN ISLAND, NY has a $350000 - $1000000 PPP loan from First National Bank of Scotia and retained 63 jobs. This information is SBA.com® is not associated with SBA.gov and is a private business providing resources for small businesses | Advertiser Disclosure

Check PPP Status

Navigation COVID-19

*

Covid-19 Resources

+

* PPP 2.0 – New Round & Second-Draw Details * PPP – How It Works * PPP - Funded Companies * PPP – Loans Fact Sheet

* PPP – 1099

* PPP – Loan Calculator

* PPP – FAQ

* SBA.com® Loan Forgiveness Center

* COVID-19 EIDL

* COVID-19 Emergency Bridge Loans * COVID-19 Debt Relief * Main Street Lending

* View All

*

Funding a Business

+

* Small Business Loans * Business Credit Cards

* Government Loans

* View All

*

Running a Business +

* Patent

* Payroll

* Trademark

* View All

*

Business Resources + * Starting a Business * Licenses & Permits * California Business Resource * Texas Business Resource

* Local Info Search

* View All

PPP UPDATE: The U.S. Small Business Administration has stopped accepting all PPP loan applications. As such, we are no longer accepting PPP requests. However, our traditional small business loan marketplace is now open for requests. Stay tuned for more information. EXPLORE FINANCING OPTIONS FOR YOUR BUSINESS

Start Now

Access a network of over 75 lenders who are helping businesses like

yours everyday.

WHAT IS SBA.COM®?

SBA.com® is an independently owned and operated website and has no government affiliation. We offer information and services related to

small businesses.

------------------------- SBA.COM® IS PROUD TO HAVE HELPED SMALL BUSINESSES THROUGHOUT THE

COVID-19 PANDEMIC

10,000+ SMALL BUSINESSES FUNDED 15,000+ PPP LOANS FACILITATED $350+ MILLION IN RELIEF DISBURSED -------------------------

BUSINESS RESOURCES

* Starting a Business

* Legal Resources

* Running a Business

* Trademarks

* Patents

View more

TOOLS AND TEMPLATES

* Bill of Sale

* Confidentiality Agreement

* Invoice

* Letter of Intent

* Non-Disclosure Agreement

View more

STATE BY STATE INFORMATION Choose your state below to get detailed state by state information about starting a business. Choose your state Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming * © 2021 SBA.com®.  All rights reserved

* Privacy Policy

* Terms and Conditions

* Sitemap

* Unsubscribe

* Contact Us

* California Residents: Do Not Sell My Personal Information 40 E Main St. #110, Newark, DE 19711

*

*

*

Small Business Advice (or "SBA®" or SBA.com®") offers business advice, information and other services related to the formation, financing, operation and management of businesses. See our Advertiser Disclosure for more information on how we try to connect you with a small business lender. This website is not a lender and does not accept loan applications, assist with loan applications, broker loans, make loans or make any credit decisions. Nothing on this website is an offer or a solicitation for a loan. This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. None of the information on this site constitutes

legal advice.

You have reached SBA.com®. SBA.com® is not SBA.gov . We have no affiliation with the U.S. Small Business Administration or any other government agency. We are a private business providing resources for small businesses, including resources for PPP loans. See our Advertiser Disclosure. By clicking "continue" and using this site, you acknowledge that you have read and understand this message.

Continue