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SBA Issues Updated PPP Loan Forgiveness
Application and Instructions

 

The passage of the Paycheck Protection Program (“PPP”) Flexibility Act earlier this month made changes to the PPP loan program that seemingly required a new forgiveness application form and related instructions. Yesterday, the Small Business Administration (“SBA”) issued a revised forgiveness application and related instructions. At first glance, the form is shorter. However, a closer look reveals that the instructions are now in a separate document instead of included within the form itself.

 

While the revised forgiveness application and instructions are similar to the original version, there are key differences and several important points to note. View a summary of these changes by visiting us online.

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