U.S. Chamber Guide on PPP Loan Forgiveness

By June 8, 2021 No Comments

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 the application form and instructions for loan forgiveness. The forms, instructions, and worksheets can be downloaded here. The U.S. Chamber released a new step-by-step guide to calculate your loan forgiveness amount, navigate record-keeping requirements, and determine repayment terms on amounts not forgiven. For more relief and reopening resources and guidance, visit here.