SBA Releases Guidance to Support Application Form for PPP Loan Forgiveness and Review

The SBA has released new guidance on loan forgiveness (click here) and loan review (click here) under the Paycheck Protection Program. This guidance is meant to help inform borrowers who are completing the recently released loan forgiveness application form (click here).

The loan forgiveness rule provides further instructions for filling out the forgiveness application, and the loan review rule outlines how the SBA will determine eligibility for the PPP and for PPP loan forgiveness.