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Information: Treatment of Paycheck Protection Program Funds for Architectural and Engineering Consultants Guidance
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2021-03-24
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Series: Memoranda & Guidance: Guidance
[PDF-319.65 KB]
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Abstract:This memorandum clarifies the requirements for the treatment of Paycheck Protection Program (PPP) loans received by consultants providing architectural and engineering (A&E) services under Federal-aid or Federal lands highway program funded contracts, and particularly regarding PPP loans by engineering consultant firms that seek loan forgiveness. Direct and indirect costs on federally funded contracts will not require the adjustments described in this memorandum should an A&E consultant completely pay back PPP loans received.
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