Original Paycheck Protection Program (PPP) Loan Increase for Missed Partner Compensation

The SBA clarified their rules to include certain partner compensation(s) in the wage base for Paycheck Protection Program (PPP) loan requests.
PPP-Missed-Partner-Compensation

The Small Business Administration (SBA) clarified their rules to include certain partner compensation(s) in the wage base for Paycheck Protection Program (PPP) loan requests.  For partnerships that did not include qualified partner compensation in their original PPP loan request, you may be entitled to ADDITIONAL PPP funds. You should consider contacting your PPP lender as soon as possible.  The lender may be able to submit a request for increase to your original PPP loan amount before the March 31, 2021 deadline.

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