Hi , Have you heard whether or not payroll forgiveness will be a component of the Disaster Loan or will it only be the 7a loans? Also, will the SBA Express LOCs qualify for the payroll forgiveness as well? Thanks.

My understanding is that the forgiveness is only for the 7(a) loans.

See section 1102(a) here:

https://assets.documentcloud.org/documents/20059055/final-final-cares-act.pdf104

This has not been signed into law, but it passed the Senate and is expected to pass the House on 3/26.

NOTE: I'm not affiliated with Multifunding. I am not a SBA loan expert. I just read a lot and am trying to help by answering unanswered questions as I see them.

I agree with Rishi, the payroll protection plan can be forgiven based on expenses covered in the code.  There is no forgiveness on the EIDL tho any advance can be kept.