Paycheck Protection Program loans must be primarily used for employee payroll: At least 60% of the total loan must go towards employee salaries, employer-paid benefits, state and local taxes on employee compensation, or the equivalent of a salary for those who are self-employed or who are owner-employees.
The remaining 40% or less of the loan can go towards additional expenses: Rent, utilities, and interest payments on mortgage or debt, although all of these extra expenses must have been established prior to Feb 25, 2020 to be eligible for the loan funds.