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. • maximum loans: generally, monthly payroll costs for ⁄ months, not to exceed $ million. payroll costs exclude compensation paid to individuals, including the self- employed, above $ a year. • requirements: the employer certifies loan will be used to retain workers, maintain payroll, make mortgage
or lease payments, and pay utilities. • loan forgiveness: the borrower shall have a portion of their loan forgiven in the amount equal to their payroll costs (not including costs for compensation above $ annually), interest payments on mortgages, rent payments, and utility payments between february and...
https://www.uschamber.com/sites/default/files/Phase_3_Bipart_Summary_-_Revised.pdf