The application for PPP loan forgiveness requires each applicant to determine if their loan forgiveness is reduced by either: A reduction in average salary or wage of greater than 25%, or A reduction ...
The SBA released its Paycheck Protection Program (PPP) Loan Forgiveness Application and clarified a few critical definitions and documentation requirements in their instructions. The forgiveness ...
On May 15, 2020, the SBA published the Paycheck Protection Program Loan Forgiveness Application (SBA Form 3508). While the application clears up several of the outstanding questions that borrowers may ...
Small-business owners who obtained a Paycheck Protection Program (PPP) loan in 2020 need to pay close attention to their forgiveness period, as the window of time to avoid payments of principal and ...
As small businesses continue to apply for the Paycheck Protection Program, the Small Business Administration is beginning to clarify the terms of loan forgiveness. As of May 26, the SBA had approved ...
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