SBA Releases PPP Loan Forgiveness Application and Instructions

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, […]

SBA Debt Relief Program, Final Guidance Date on SBA PPP Forgiveness and Clarification on Qualified Cost Forgiveness for PPP

The SBA announced that they will pay the monthly principal and interest payments for all existing SBA back loans 7(a), 504 and micro loans other than PPP and EIDL automatically for six months. Borrowers do not need to apply for this assistance. For those clients that have SBA backed loans, you should contact your bank […]

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