April 6, 2020 - NFP CARES Act Webinar CARES Act Webinar - NFP - Final | Page 12

PAYCHECK PROTECTION PROGRAM (PPP)
ALLOWABLE USES OF COVERED LOANS:
1. Payroll costs (defined)
2. Costs related to continuing group health care benefits - paid
sick, medical, or family leave, and insurance premiums
Waiting on guidance for self-insured
3. Employee salaries, commissions, or similar compensations
4. Interest on mortgage obligation (excludes prepayment of or
payment of & principal on a mortgage)
5. Rent (including under a lease agreement)
6. Utilities
7. Interest on any other debt obligations incurred before the
covered period – waiting on further guidance.
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