The Small Business Administration (SBA) has released new guidance on Payroll Protection Program (PPP) loan forgiveness for winter seasonal businesses. Seasonal businesses can now refer to one of these three time periods when determining PPP loan forgiveness:
February 15-June 30, 2019
January 1-February 29, 2020 or
A consecutive 12-week period between May 1-September 15, 2019.
According to the folks at SIA, tThis effort would not have succeeded without tireless advocacy from Dave Byrd at NSAA, Jessica Wahl Turner at the Outdoor Recreation Roundtable (ORR), our state & regional ski associations; advocacy letters signed by 18 ski state governors; and the efforts from Utah’s Governor Gary Herbert to get this letter to Washington. Thank you all for your work.
Details and the Loan Forgiveness application can be found here.