Hawthorne & Co. CPAs

Updated PPP Loan Forgiveness Applications and Rules Unveiled

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.

Close Menu