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

What is the Alternative Payroll Covered Period?

Originally as part of the Paycheck Protection Program (PPP), SBA guidance stated that borrowers could use something called the Alternative Payroll Covered Period if they used a biweekly or more frequent payroll schedule. This option was established to give borrowers more flexibility.

Changes to the PPP established in December 2020/January 2021, however, eliminated the Alternative Payroll Covered Period. Instead, the Covered Period length was given more flexibility.