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SBA details PPP loan forgiveness application, calculation instructions

SBA details PPP loan forgiveness application, calculation instructions

Hoping to have your Paycheck Protection Program loan forgiven? There’s now an application for that. The Small Business Administration and the U.S. Department of the Treasury have released the application and provided instructions to assist borrowers with that process. The PPP Loan Forgiveness Application is available here. Borrowers will need to provide information including their…
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U.S. Treasury Department eases justification requirement for PPP loans under $2M

U.S. Treasury Department eases justification requirement for PPP loans under $2M

A large contingent of Paycheck Protection Program borrowers no longer need to justify their loan. The U.S. Treasury Department has eliminated the need for borrowers with loans of less than $2 million to prove they need PPP funding to offset economic uncertainty from the COVID-19 pandemic. Instead, those borrowers are now afforded a safe harbor…
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