The Small Business Administration has released the Paycheck Protection Program (PPP) Loan Forgiveness Application, along with detailed instructions that can be accessed through the following link:
PPP Loan Forgiveness Application
This information was highly anticipated, as it is necessary in helping small businesses borrowers seek forgiveness at the conclusion of the eight-week covered period. The SBA states that it will soon be issuing regulations and guidance to further assist borrowers with completing these applications and to provide lenders with guidance on their responsibilities. We will be sure to share that information as it becomes available.
In the meantime, if you applied for and received PPP Loan funds, please review the application and instructions at your convenience. If you have any questions or concerns, please do not hesitate to reach out to your C&J engagement team for assistance.