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, but did not provide when this information will be released.
We are encouraging our clients to review the instructions and application to become familiar with the steps needed to apply for loan forgiveness.
We have attached the Loan Forgiveness Application and Instructions for your convenience.
If you have any questions, please do not hesitate to contact your Core accountant.