Last Friday, the Small Business Administration (SBA) and the Department of the Treasury released the Paycheck Protection Program (PPP) Forgiveness Application along with instructions for PPP borrowers. The instructions give guidance on the PPP forgiveness calculation for borrowers on how to apply for forgiveness of their PPP loans. We recommend that you review the instructions and begin to assemble the documents listed on page 10 that will be required when submitting the forgiveness application.
To see a copy of the PPP Loan Forgiveness Application, click here.
For articles with analysis regarding the PPP Loan Forgiveness Application, click below:
Journal of Accountancy Article