PPP: FTE – Loan Forgiveness Reductions?

PPP: FTE – Loan Forgiveness Reductions?

ISSUE The Small Business Administration (SBA) released new PPP FAQs on August 4, 2020.  We wish they were more robust.  One of the issues covered is offers to rehire workers and how that works with the potential reduction in FTE. SITUATION Marathon Bible College (MBC)...
PPP: FTE – Loan Forgiveness Reductions?

PPP Forgiveness – FTE

ISSUE We continue to receive guidance from the SBA and Treasury Department meant to clarify Paycheck Protection Program (PPP) Loan Forgiveness.  Let’s look at the FTE information. SITUATION Marathon Bible College (MBC) is a private college exempt under Internal...