1. PPP Loan Forgiveness Help Center
  2. Forgiveness Application Questions

Are salary, wages, or commission payments to furloughed employees; bonuses; or hazard pay during the Covered Period eligible for loan forgiveness?

Yes. The CARES Act defines the term “payroll costs” broadly to include compensation
in the form of salary, wages, commissions, or similar compensation. If a borrower pays
furloughed employees their salary, wages, or commissions during the covered period,
those payments are eligible for forgiveness as long as they do not exceed an annual salary
of $100,000, as prorated for the period during which the payments are made or the
obligation to make the payments is incurred.