Under the Paycheck Protection Program (PPP) loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released an eleven-page borrower application form and instructions for loan forgiveness. People have a lot of questions.
On this webinar, we review the application and provide information on what a borrower needs to do to apply for possible loan forgiveness.
– An overview of the documentation required.
– A review of eligible expense for possible loan forgiveness, what is a payroll vs. non-payroll expense?
– The process to calculate the amount of forgiveness and how to determine the maximum amount of possible forgiveness.