Breaking Updates to the PPP Loan Forgiveness Application

The forgiveness application was released by the SBA and the application and instructions provide new guidance (and further lack of guidance) in what was asked for/spelled out. It added further complexities on some things and added additional limitations that were not previously provided.

It’s time to regroup, re-evaluate PPP planning already performed and work to ensure that if your company is hoping for forgiveness it will actually take place.

The information in this article is general information and should not be viewed as accurate to your individual situation and/or circumstance. We recommend that if you have questions on your individual situation that you follow up with either your attorney or specific accountant.