PPP Forgiveness Guidance is Here!

Since the CARES Act passed March 27, 2020, we have been advising clients how to apply for and how to obtain forgiveness from their PPP (Paycheck Protection Program) loans. The uncertainty, particularly surrounding forgiveness rules, has been challenging. This past weekend, the SBA published the application and instructions for the forgiveness, and although lengthy, they provide many answers. As we continue to advise you, we expect to provide updates, but for now, please click here for the PPP Forgiveness Application and instructions. Of course, please don’t hesitate to contact your Snyder Cohn partner with any questions.