Monthly Archives: May 2020

On May 15, the SBA released the application form and instructions that companies will use to apply for loan forgiveness. The application has four parts: PPP Loan Forgiveness Calculation Form, Schedule A, Schedule A Worksheet and an optional Borrower Demographic Information Form. The SBA also announced that additional guidance will be released in the future, […]

On May 5, the SBA released updated Frequently Asked Questions (FAQs) for the PPP Loan Program. Question #40 specifically addresses the issue of employees refusing to be rehired. It states that these employees will be excluded from the loan forgiveness reduction calculation. To be excluded, the employer must have a written offer to the employee […]