After the Loan Forgiveness period ends, you will need to provide proof of 24 weeks of payments for the following items:
- Payroll Costs
- Interest Paid on Mortgage Obligations
- Rent Payments on Leases
- Utility Payments
The total of the allowable expenses above will be forgiven from
the PPP loan amount upon accurate and timely submission.
We will provide access to an online portal used to calculate your forgiveness amount and submit supporting documentation.
Note that non-payroll costs cannot exceed 40% of the forgiveness amount.