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.
Varnum (Michigan): SBA Issues Final Rules for PPP Loan Forgiveness and Loan Review Procedures
May 28, 2020
On May 22, the SBA issued interim final rules on loan forgivenessand loan review procedures for borrowers and lenders using the Paycheck Protection Program (PPP).
