What's Next for Paycheck Protection Program Borrowers?

Tuesday, December 15, 2020
SBA and U.S. Treasury Issue Additional Guidance for Businesses Applying for Loan Forgiveness
For those who received loans as part of the Paycheck Protection Program (PPP), this past October and November marked the end of the 24-week covered period. Over the last several weeks, the Small Business Administration (SBA) along with the U.S. Treasury Department have issued additional guidance and clarification surrounding the forgiveness process and the forgiveness application. 
This update is intended to highlight key guidance areas issued recently to help borrowers with their forgiveness applications. As with other aspects of the PPP, guidance on the forgiveness portion of the PPP is constantly evolving and additional information may become available.

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