SBA Releases PPP Loan Forgiveness Application
The Small Business Administration (SBA) has released a Payroll Protection Program (PPP )Loan Forgiveness Application. Click here to get the application.
The Small Business Administration (SBA) has released a Payroll Protection Program (PPP )Loan Forgiveness Application. Click here to get the application.
The Small Business Administration (SBA) recently issued a series of Frequently Asked Questions (FAQs) on the Paycheck Protection Program (PPP) which was passed as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
FAQs Address Issues of Concern for Borrowers and Lenders
According to the document:
Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rule (“PPP Interim Final Rule”). The U.S. government will not challenge lender PPP actions that conform to this guidance, and to the PPP Interim Final Rule and any subsequent rulemaking in effect at the time.
Clarification Is Provided in Key Areas
Among the questions answered in this series of FAQs are the following:
Contact Your Attorney for Further Information
If you have further questions after reviewing the FAQs, Vision Payroll recommends that you contact your attorney and your lending institution,
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