If you took a PPP loan to cover your payroll and operating expenses, beginning August 10, 2020, you may apply for loan forgiveness. However, check with your bank to make sure they are ready to start considering loan forgiveness.

To assist you, on August 4, 2020, the SBA published answers to Frequently Asked Questions (FAQs) on PPP Loan Forgiveness. The document is guidance designed to address borrower and lender questions concerning forgiveness of the PPP loans. Both borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation.

This is the link to the document:–Loan-Forgiveness-FAQs.pdf

We are available to answer your questions about Paycheck Protection Program loan forgiveness and any general issues concerning your business.

If you need assistance navigating these uncertain times, please reach out to us. Our law office has remained open and continues to serve our clients. We are available by telephone, email and Zoom.