Exclusions

• I have two employees who asked for and were granted reduced work schedules during the Covered Period. Does that count as a headcount reduction?
• I had an employee go out on disability and another one take maternity leave. Does that count against me as an FTE reduction?
• I had several employees who went out on leave under the Families First Coronavirus Relief Act. Do I have to count those people as reduced FTEs?
• I had to terminate two individuals for cause during the Covered Period. Does that count against my FTE reduction?
• If payroll was reduced because people resigned, but were not laid off, does that affect forgiveness?
• Does the FTE reduction exclusion for being unable to restore business because of social distancing apply if our business has...
• We have a small office of five employees. Two employees left the company of their own will. Do we need to replace them in order to get loan forgiveness?
• Do we get penalized on forgiveness for employees who went on FMLA (birth of child) or pregnancy disability (i.e. non-COVID or business-related reasons)?
• If we elect to take the eight-week period, are we precluded from using the “unable to return to business activities” excuse for reduction in FTEs?
• If we offered a job to a potential employee and they refused, will that help in our FTE?
• I had an employee resign. I tried to replace them during the Covered Period but did not succeed in finding a qualified candidate. Will this count against me as an FTE reduction?
• Our business had to change direction to save the company, so when we re-hired, we brought in different kinds of talent than we had before the layoff. Does that affect our FTE Reduction Factor?
• What documentation is needed to substantiate a legitimate decrease in the number of FTEs, such as...