SBA issues PPP Loan Forgiveness Application

May 18, 2020

The U.S. Treasury Department and Small Business Association (SBA) has released its Paycheck Protection Program (PPP) Loan Forgiveness Application. The application also contains detailed instructions on how to calculate the amount of a PPP loan which is eligible for forgiveness.

While the application does provide a clearer sense of eligible uses of funds for PPP forgiveness, NGWA encourages you to work with your accounting staff or financial advisors to ensure you receive the maximum forgiveness.

Completed applications are to be submitted first to the lender of your PPP funds, who will begin the forgiveness process.

For more details on PPP and other COVID-19 news, visit NGWA’s COVID-19 resources section.