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Paycheck Protection Program (PPP) Fact Sheet and FAQs

The Paycheck Protection Program (PPP) has become a common name these days, providing the opportunity for small businesses to obtain loans to cover eight weeks of payroll, benefits, and other expenses. As more information continues to become available and businesses look to ensure loan forgiveness, our team has been receiving many questions.

You can view various fact sheets and FAQ sheets that are team have been working on through the links below:

PPP Fact Sheet

To view a fact sheet that covers some of the most commonly asked questions related to PPP and loan forgiveness, click here.


To view an FAQ sheet that addresses questions asked in our various PPP webinars, click here.

PPP Application FAQs

To view an FAQ sheet that specifically addresses various questions on payroll costs, non-payroll costs, FTE, and other topics related to the PPP Application, click here.

If you have further questions, contact us at and our team will be happy to assist.

Questions on submitting your PPP loan application or the forgiveness process?

Our team stands ready to assist you through the PPP loan application and forgiveness process. Do not go at it alone. Ensure you are submitting the right information and receiving the highest forgiveness amount possible. Visit our PPP Loan Consulting webpage by clicking here to request assistance or support.

This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although McKonly & Asbury has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

About the Author

Mark Heath

Mark is a Partner with McKonly & Asbury. Serving as Director of Tax Services, he brings a wealth of experience in federal, state, and international income as well as franchise tax issues for both publicly and privately held corporatio… Read more

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