PPP Flexibility Act (PPPローン緩和法)

PPP Flexibility Act (PPPローン緩和法)

PPPローンの返済免除条件などを緩やかにするために、PPP Flexibility Act 6/5/2020トランプ大統領が署名して成立しました。それを基に新しい返済免除条件が発表されています。

主要変更点:

1)      8週間から24週間へ

    返済免除の為にローン金額を使いきる期間が延長されました。

2)      75%から60%へ

         給与関連に75%以上使う必要があったのが60%に変わりました。

3)      150日以内から10カ月以内へ

         返済開始期間が150日から10カ月になりました。

4)      6/30/2020から12/31/2020へ

         再雇用すべき日が延長されました。

5)      その他

       コロナウイルスで営業を法的に禁止されている場合は、例外が認められる。

         連邦給与税の支払い猶予される。

参照:

https://www.sba.gov/sites/default/files/2020-06/PPP-IFR-Revisions-to-First-Interim-Final-Rule_06%2012%2020-508.pdf

https://www.journalofaccountancy.com/news/2020/jun/ppp-loan-forgiveness-changes-coming.html

US バンクからの6/12/2020変更案内: 

As a reminder, the President signed legislation last Friday to enact major revisions to the Paycheck Protection Program (PPP). We remain optimistic that the Small Business Administration (SBA) will provide their updated guidance related to the new PPP Flexibility Act soon. The updates are substantial, so waiting for final guidance will reduce rework for customers. Once we receive final guidance, we will update our loan forgiveness application and process. At this point in time we are not accepting digital applications for loan forgiveness until we have made the necessary changes, even for customers that have completed their 8-week covered period.

We will continue to provide you with updates as we learn more and we thank you for your patience.

What we know

We stay focused on communicating helpful information and sharing what we can about the new changes to the forgiveness rules. Below is a summary:

Covered period:
The new rules extend the covered period from the current 8 weeks to 24 weeks. The covered period is the time in which businesses may incur or pay expenses to be considered for forgiveness, beginning on the date of loan origination. Borrowers may elect to use either an 8-week or 24-week covered period.

Percent of forgiveness attributed to payroll expenses:
Under the new rules, 60 percent of the forgiveness amount must be for eligible payroll costs, including cash compensation, employer contributions to health plans and retirement and owner compensation. The effect of this change is that a greater amount of non-payroll costs, such as utilities, rent and mortgage interest, will be eligible for forgiveness.

Extending deferrals:
The legislation delayed when borrowers must make repayments on their loans. Loan deferrals are extended to the point U.S. Bank receives the SBA’s decision on a borrower’s application for loan forgiveness, as long as 150 days under the current guidelines. Businesses that do not submit an application for loan forgiveness within 10 months of the last day of the covered period must begin making payments at that time.

Rehire deadline:
Under the new rules, businesses have until December 31, 2020 to restore full-time equivalent (FTE) employee levels to pre-COVID levels to qualify for full forgiveness. Businesses who are not able to rehire the same or similarly qualified employees, with good faith documentation, may not face reductions in their forgiveness amount.

Exemptions for COVID closures:
Businesses that were unable to return to pre-COVID levels of activity due to compliance with certain COVID-related orders will also not be subject to reductions in their forgiveness amount, as long as they can provide good faith documentation.

Payroll tax deferral:
Recipients of PPP loans may defer payment of federal payroll taxes.