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ARTICLE · 22 MARCH 2021

Paycheck Protection Program Loan Forgiveness: Mandatory OSHA Compliance

Holland & Knight
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The U.S. Small Business Administration, which administers Paycheck Protection Program (PPP) loans and the forgiveness of those loans, issued an interim final rule last month,...

United StatesEmployment and HR
Howard Sokol
Howard Sokol
Gina Fonte
Gina Fonte
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Highlights

  • The U.S. Small Business Administration, which administers Paycheck Protection Program (PPP) loans and the forgiveness of those loans, issued an interim final rule last month, which addresses PPP loan forgiveness requirements.
  • The interim rule does not address a buried provision in the PPP borrower application form, which requires applicants to certify compliance with Occupational Safety and Health Administration (OSHA) standards and regulations for the life of the PPP loan.
  • PPP borrowers should be diligent in their compliance with OSHA's standards and requirements to ensure that PPP loans are waived.
  • This Holland & Knight alert addresses the key considerations for employers seeking forgiveness of PPP loans.

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