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 adds Q&A #76. This clarifies that vision and dental are definitely included in group health care benefits.
We have also reviewed additional guidance issued by the SBA regarding the practice procedures for appealing SBA loan review decisions.
FAQ #76: Are vision and dental benefits included as a part of group health care benefits when determining payroll costs?
Download the updated SMACNA Paycheck Protection Program FAQS 8-17-2020 (as of 8/17/20).