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ARTICLE · 24 JUNE 2020

Updates To The PPP Loan Forgiveness Application Form

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On June 16, 2020, the U.S. Department of Treasury (Treasury) and U.S. Small Business Administration (SBA) published an updated Loan Forgiveness Application for borrowers to...

United StatesCoronavirus (COVID-19)

On June 16, 2020, the U.S. Department of Treasury (Treasury) and U.S. Small Business Administration (SBA) published an updated Loan Forgiveness Application for borrowers to complete in order to apply for loan forgiveness under the Paycheck Protection Program (PPP)1 to conform with the changes to the PPP pursuant to the Paycheck Protection Program Flexibility Act (PPPFA). The Loan Forgiveness Application is composed of a loan forgiveness calculation form, a related Schedule A worksheet, a representations and certifications form, and an optional PPP borrower demographic information form. The application is further supplemented by a Loan Forgiveness Application Instructions for Borrowers sheet.

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