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Is equipment debt interest considered forgivable under the PPP loan program?

I'm looking for help to determine which types of interest payments are forgivable under PPP? It seems clear to me that mortgage interest is included as forgivable. But, what about other types of interest? Specifically, interest on equipment debt? There is some language in the guidance about "interest on debt obligations incurred before February 15, 2020." Does this include interest on equipment financing debt?

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May 20, 2020

SBA language states that payments eligible for forgiveness include "any payment of interest on any covered mortgage obligation". It defines a "covered mortgage obligation" to include debt that "is a mortgage on real or personal property". There is no specific language stating that interest on equipment debt would be forgiven. However, many are interpreting the above definition to indicate that interest on equipment would be eligible for forgiveness as it is personal property. The same goes for other interest payments on forms of personal property. This is subject to change based on any additional interpretations from the SBA.

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