SBA Gives PPP Borrowers Good News – Forgiveness Application Issues And Answers
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On Friday, May 15th, the SBA issued the Loan Forgiveness Application that will be used by PPP borrowers to determine and report how much of their PPP loan will be forgiven.
Most readers know that the Payroll Protection Program loans are extended based upon 2½ months of payroll, health insurance and retirement plan expenses, and are forgiven based generally on the same expenses plus…