Much (Illinois): We Received Our PPP Funds, Now What? SBA Provides Additional Guidance Regarding Loan Forgiveness

On May 15, 2020, the Small Business Administration (SBA) released highly anticipated guidance regarding loan forgiveness under the Paycheck Protection Program (PPP) in the form of the Paycheck Protection Program Loan Forgiveness Application and relevant instructions. These documents provide a blueprint as to how borrowers may obtain partial or even complete forgiveness of their PPP loans. MORE.