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New Exemption From Forgiveness Reductions for PPP Loans Under $50,000

#PPP #Loans #LoanForgiviness


New Exemption From Forgiveness Reductions for PPP Loans Under $50,000

低於50,000美元的PPP貸款免於減免的新豁免權


On October 8, 2020, the Treasury Department and Small Business Administration (SBA) released a simplified Payroll Protection Program (PPP) forgiveness application (Form 3508S) and instructions for loans of $50,000 or less, as well as an Interim Final Rule (IFR) which explains the changes.

2020年10月8日,美國財政部和小型企業管理局(SBA)發布了簡化的薪資保護計劃(PPP)減免申請表格(3508S 表格)和50,000美元或以下金額的貸款說明,以及解釋了這些變化的臨時最終規則(IFR)。


Generally, the IFR explains the adoption of a de minimis exemption from reductions in loan forgiveness (i.e., penalties) for failure to maintain the number of full-time-equivalent employees (FTEs), as well as wage level maintenance requirements, for PPP loans of $50,000 or less.

一般而言,IFR解釋說,對於無法維持的全職員工(FTE)人數以及達到正常工資水平維持要求,採用了最低免除減免貸款(即罰款)的措施, PPP貸款可借貸$ 50,000或以下。


Borrowers with affiliates that collectively received PPP loans of $2 million or more cannot use the new form or new exemptions.

有關聯公司的借款人如果共同借貸了200萬美元或更多的PPP貸款,則不能使用新表格或新的豁免。


Forgiveness Reduction Waived for Loans of $50,000 or Less

50,000美元或以下的貸款可免於減免


In accordance with the IFR, qualifying PPP borrowers will not need to document compliance with the targeted FTE and wage level maintenance requirements.

根據《國際財務報告準則》,有資格的PPP借款人無需證明其符合目標FTE和維持工資水平的要求。


Loan forgiveness amounts will not be reduced, even if FTE or wage levels decreased during or after the covered period, as long as the loan was $50,000 or less, and the borrower, when combined with any affiliates, collectively received less than $2 million.

即使在涵蓋期內或之後的FTE或工資水平降低,只要貸款額為50,000美元或以下,貸款的寬恕額也並不會減少,並且借款人(與任何分支機構一起)的總收入少於200萬美元。


There are several legislative proposals in Congress to further expand, simplify, and extend the PPP program, including proposals that could authorize a second PPP loan for qualifying businesses.

國會中有幾項立法提案可進一步擴展,簡化和擴展PPP計劃,包括可以授權第二筆PPP貸款給符合條件的企業的提案。


What to Do Now

現在需要做什麼


Many borrowers who received PPP loans have already completed their specified "covered period" and spent the PPP loan proceeds and may be ready to submit the related forgiveness applications.

許多獲得PPP貸款的借款人已經完成了指定的“有效期”,並花費了PPP貸款的收益,並可能準備提交相關的減免申請。


The SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020.

SBA於2020年10月2日開始批准PPP 減免申請並向PPP借款人向PPP借款人發放減免付款。


It is not urgent that forgiveness applications be submitted soon. As a reminder, under the PPPFA, loan repayments for any amounts not forgiven are not required until ten months after the expiration of a borrower's covered period. Borrowers should check with their lenders directly to determine if they are prepared to accept forgiveness applications.

很快就可以提交減免申請。提醒一下,根據PPPFA,直到借款人的擔保期限到期後十個月,才需要償還任何未免除的款項。借款人應直接與貸款人核對,以確定他們是否準備接受減免申請。


Source資料來源: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

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