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, 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.

Information contained in this BLOG should not be construed as the rendering of specific bookkeeping, accounting, tax, consulting or other advice. Material may become outdated and anyone using this should research and update to ensure accuracy. In no event will Core Financial Outsourcing, Inc. be liable for any damages – direct or indirect or consequential – claimed to result from use of the material contained in this BLOG. Persons are encouraged to consult with their Core advisor BEFORE making decisions.

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