At long last, there’s some guidance on how businesses can seek forgiveness for their Paycheck Protection Program loans.
Late last week, the U.S. Small Business Administration released a PPP loan forgiveness application and instructions, which you can access here. We spent the weekend reviewing this application and instructions and thought it would be helpful to you for us to share some of the most relevant highlights from this latest guidance.
We’ll have more to come in the future on documentation and other less significant aspects of the latest guidance. For now, here’s the most important information to know: