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PPP Loan Forgiveness
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PPP Loan Forgiveness
The SBA has released a set of FAQ's related to PPP Loan Forgiveness >
https://home.treasury.gov/system/files/136/PPP--Loan-Forgiveness-FAQs.pdf
What is the end date of the Covered period on a PPP loan Forgiveness Application? The instructions state that applications may be submitted before the 8 or 24 wk period is up. If submitted after 12 wks, would the end... (More)
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PPP Loan Forgiveness
The so-called 60% cliff with the PPP Flexibility Act appears to reside in the "forgiveness amount" and not the "loan amount" when reading today's press release from the SBA:
https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/joint-statement-sba-administrator-jovita-carranza-and-us-treasury-secretary-steven-t-mnuchin