Tax Monitor

SBA issues PPP Loan Forgiveness FAQs

August 6, 2020

By: Mark A. Mangano

As the August 10, 2020 date for the Small Business Administration (SBA) to begin processing forgiveness applications for loans made under the Paycheck Protection Program (PPP) approaches, the SBA has issued “Paycheck Protection Program Frequently Asked Questions (FAQs) on PPP Loan Forgiveness.” The FAQs address general forgiveness questions as well as questions related to payroll, non-payroll and forgiveness reduction. The FAQs are available here.