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Is back pay forgivable?

LauraGLauraG OwnerMember

Is back pay paid to employees during the 8 week window a forgivable payroll expense? The wages were incurred well before they received the PPP funds.

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Comments

  • Brian_SBMBrian_SBM Vice President, Entrepreneurship Administrator admin

    @LauraG The loan forgiveness application is vague in this regard, but our interpretation is that the costs must be incurred during the Covered or Alternative Covered period.

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