Sheet Metal & Air Conditioning Contractors’ National Association

UPDATED: Paycheck Protection Program (PPP) FAQS for SMACNA members

Jun 22, 2020

One of the programs instituted by the federal government in response to the outbreak of COVID-19 aimed at helping small businesses recover from the economic impact of the ongoing pandemic is the Paycheck Protection Program (“PPP”).

This latest update includes new loan forgiveness application forms (including the EZ form) and the most recent interim final rule revisions.

FAQ #57: Is my business eligible to use the "EZ" Loan Forgiveness Application Form?
FAQ #58: Is there any benefit to using the EZ Form?
FAQ #59: Now that the Covered Period has been changed to 24 weeks, can borrowers include more than $15,385 of cash compensation per employee?
FAQ #60: How much compensation can owners include in their Loan Forgiveness Applications?

Download the updated SMACNA Paycheck Protection Program FAQ 6-22-2020  (as of 6/22/20).