SBA Updates PPP Forgiveness Guidance For Employees Refusing to Return to Work​

 

In order for the PPP loan that is maximized at 2.5 times monthly average payroll to be 100% forgivable, a business has to rehire the same number (not necessarily the same individuals) of full-time employees that were used to determine their PPP loan amount. However, with a smaller staff needed for reduced sales and employees possibly making more on unemployment, many operators questioned how they would get their staff levels back to the same level as before. Read more here.