You must spend at least 60% on payroll to have the loan forgiven. Most of you have spent over 100% on payroll so you are covered easily. 

We still believe you should wait to file for forgiveness. As you are aware, there should be short forms coming out soon for any business with PPP loans of $150,000 or less. This will make your life much easier when you finally do file. Please read #4 below for more things to consider.