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

What does it mean to be a seasonal business?

According to guidance issued by the SBA, a seasonal business’ payroll in February or March of 2020 may not be representative of their payroll during busy seasons. Guidelines note: “Without the ability to use an alternative base period, many summer seasonal businesses would be unable to obtain funding on terms commensurate with those available to winter and spring seasonal businesses.” Because a requirement of getting a PPP loan was that a borrowing business must have been in operation on February, 15, 2020, the SBA guidance for seasonal businesses states that a seasonal business will be considered to have been in operation as of February 15, 2020, if the business was in operation for any 8-week period between May 1, 2019 and September 15, 2019. [see SBA guidance on seasonal employers]