SBA Unveils PPP Loan Forgiveness Application
The U.S. Department of Treasury (Treasury) and the Small Business Administration (SBA) recently released the Paycheck Protection Program (PPP) Loan Forgiveness Application (Application) and instructions (Instructions) for small businesses to use when applying for PPP loan forgiveness with their lender.
The release of this Application has been much-anticipated by U.S. small businesses that were able to secure financial relief through the PPP, as many were wondering about next steps with regard to PPP loan forgiveness.
The three-page document linked below provides a general overview of the Application and information about loan forgiveness eligibility under the PPP.
For questions on your company's loan forgiveness eligibility or Application, contact your lender.
Our Mission of Service
Our team at North Risk Partners will continue to monitor the situation related to the COVID-19 outbreak and send you information as it becomes available. We are here to help you through this and face the risk of this virus head on, which to us is about helping you proactively control what you can control with facts and evidence-based information. Thank you for continuing to trust us with your business and doing your part to help protect our communities by controlling the spread of COVID-19.
FACE RISK HEAD ON
This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.