Friday, June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, which the U. S. Senate passed with a unanimous vote.

There are two major changes. First, the period in which funds can be used has tripled from 8 weeks to 24 weeks. Second, the required amount of funds used for payroll has decreased from 75% to 60%.

Dave Heston has revised his PPP Worksheet to reflect the new rules, and you can download it Here

There are a number of sites covering the details, but CapinCrouse has published an excellent “unpacking” which you can access with the link below.

Unpacking the Paycheck Protection Program Flexibility Act

4 thoughts on “PPP’s New Rules with Dave’s Revised Worksheet”

  1. In the new PPP worksheet, what is the difference between large and small churches?

  2. Thank you for this wonderful resource!

    I believe I have discovered a calculation error in Dave’s Revised Worksheet, column K, present on both tabs. Unless I am mistaken, it should be adding columns G, H, I & J of the same row. The download (as of 6/8/20 10:00 am Eastern) has some rows only adding G & H while some rows add G & H of same row with I & J of five rows above.
    Thanks again for sharing the great resource.

  3. Nicole. Just heard from Dave Heston and he has supplied the correction for Column K, per your discovery.
    I have updated spreadsheet.
    Thank you for catching this.
    Alfred

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