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Paycheck Protection Program (PPP)

Supporting our business members with PPP loan forgiveness guidance

At this time, federal funding for the Paycheck Protection Program has been exhausted.

Reliant members who have received PPP loans need to apply for forgiveness.  Please see below for a frequently asked question about PPP loan usage and forgiveness.

For full details, please refer to the Interim Final Rules on the U.S. Department of the Treasury’s website.

PPP loan FAQ

Note that at least 60 percent of the PPP loan proceeds must be used for payroll costs.

  1. Payroll costs (as defined in the CARES Act, Economic Aid Act and the interim final rule)
  2. Costs related to the continuation of group health care, life, disability, vision, or dental benefits during periods of paid sick, medical, or family leave, and group health care, life, disability, vision, or dental insurance premiums;
  3. Mortgage interest payments (but not mortgage prepayments or principal payments) as well as interest payments on any other debt obligations that were incurred before February 15, 2020
  4. Rent & Utility payments
  5. Interest payments on any other debt obligations that were incurred before February 15, 2020
  6. Refinancing an SBA EIDL loan made between January 31, 2020 and April 3, 2020
  7. Covered operations expenditures (payments for any business software or cloud computing service that facilitates business operations, product or service delivery, the processing, payment, or tracking of payroll expenses, human resources, sales and billing functions, or accounting or tracking of supplies, inventory, records and expenses)
  8. Covered property damage costs (costs related to property damage and vandalism or looting due to public disturbances that occurred during 2020 that was not covered by insurance or other compensation)
  9. Covered supplier costs (expenditures made by a borrower to a supplier of goods for the supply of goods that—(A) are essential to the operations of the borrower at the time at which the expenditure is made; and (B) are made pursuant to a contract, order, or purchase order that was in effect prior to the covered loan period. If perishable, the order may have occurred at any time before or during the covered period.)


The information presented here should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

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