On May 15, 2020, the Treasury released the application for Paycheck Protection Program loan forgiveness. We are waiting for the final guidance to determine next steps, but in the meantime read the application to better understand requirements.

Crisis Small Business Resources

At Live Oak Bank, we are committed to supporting our customers and helping small businesses persevere in the face of an ever-changing environment. Our promise is to treat every customer like the only customer, and our teams are here to do just that. Our commitment and approach to serving small business owners will always be rooted in these values.

Paycheck Protection Program (PPP) Downloadable Resources

How to Calculate Payroll Costs

 

This simple guide outlines what counts as part of your payroll costs and how to calculate the maximum amount you can request to borrow, according to guidance from the CARES Act and SBA.

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If you have questions about COVID-19 loan options please call 866-276-0154.
Customer Success Managers are available Monday through Friday from 8:00 a.m. – 8:00 p.m. EST.

From our Business Resilience Resource Center

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