- payroll costs;
- costs related to the continuation of group health care benefits during periods of paid sick, medical, or family leave, and insurance premiums;
- employee salaries, commissions, or similar compensation which is not in excess of $100,000 per year annualized;
- interest on mortgage obligations that were in place before February 15, 2020 (but not mortgage premiums);
- rent under lease agreements in force before February 15, 2020;
- utilities for which service began before February 15, 2020; and
- payment of interest on certain pre-existing debt obligations.
Worker Protection Expenditures: Operating or capital costs that the business had to spend to comply with requirements or guidance issued by the CDC, HHS, OSHA, or state/local government during the period beginning March 1, 2020. These costs can be related to sanitation, social distancing, or worker or customer safety to include employer-supplied personal protection equipment (PPE), physical barriers, expansion of indoor/outdoor space, ventilation, filtration, and drive-through/walk-up windows.
Operations Expenditures: Costs associated with product or service delivery or software/cloud computing service that facilitates: business operations, the processing, payment, or tracking of payroll expenses, HR and billing functions, or the accounting or tracking of supplies, inventory, records, and other related expenses.
Supplier Costs: Expenses related to the supply of goods that are essential to the operations of the entity at the time at which the expenditure was made and is made pursuant to a contract or order in effect at any time before the covered period or, with respect to perishable goods, in effect at any time during the Covered Period.
Property Damage Costs: Costs related to property damaged and vandalism or looting due to public disturbances that occurred during 2020 that were not covered by insurance or other compensation.
Please visit the SBA PPP website for a full list of expenses that can be forgiven under a PPP loan.