Updated PPP Loan Forgiveness Applications and Rules Unveiled
The Small Business Administration and the Treasury Department have released updated Paycheck Protection Program loan-forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less. The SBA also reported it had approved applications for 60,000 loans totaling more than $5 billion during the first week after the program’s reopening Jan. 11.
If you should have any questions, please contact our office at (206)243-2336 or email us at office@hawthorne-cpa.com.
** This information is provided for general educational purposes only. Before taking any action based on this information, we strongly encourage you to consult with a professional accounting advisor about your specific situation.