Revised PPP Forgiveness Process

Press release from the Southwest Business Association:

October 12, 2020

Late last week, the federal government announced a new forgiveness application for businesses that received up to $50,000 in PPP funding. The new paperwork includes 1 page of required information and a second page of optional information to apply for forgiveness. As recommended in the past, please consult with the institution that issued your PPP funds on whether to file now or wait, and which application should be used.

https://home.treasury.gov/system/files/136/PPP-Loan-Forgiveness-Application-Form-3508S.pdf

This press release was produced by the Southwest Business Association. The views expressed are the author's own.