SBA Publishes PPP Loan Forgiveness Application
Post date
May 18, 2020
Body
On Friday, May 15, the Small Business Administration (SBA) and the Treasury Department released the Paycheck Protection Program (PPP) Loan Forgiveness Application as well as detailed instructions for completing the application.
According to a press release from the Treasury Department, the application form and instructions provide information to PPP borrowers regarding how to apply for forgiveness of their PPP loans. Treasury added that the SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.