Rich May (Massachusetts): SBA Releases PPP Loan Forgiveness Application and Instructions

The SBA has issued the application form and instructions for borrowers seeking loan forgiveness under the Paycheck Protection Program (PPP). The new materials address a number of questions that remained unclear even as borrowers received funds and began spending them over the last several weeks. The application is fairly simple, tracks the statute and regulations and seems designed to allow for forgiveness of eligible expenses. Here are some of the highlights of the new guidance. MORE.

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