SBA PPP Loan Forgiveness Application & New Guidance

The SBA Paycheck Protection Program (PPP) Forgiveness Application was released by the SBA on May 15, 2020, with new guidance on qualified expense, employee head count, and measurement periods. In this video will walk you through the PPP Forgiveness Application, the calculations, and items that still require guidance from the Treasury and the SBA.

CORRECTION: For the Alternative Payroll Covered Period: It’s the first “Payroll Date” following the PPP Loan receipt not the first “Pay Date”.

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