By now, most PPP loan borrowers are well into the eight-week "Covered Period" for determining which payroll costs and other expenses are eligible for PPP loan forgiveness. The loan forgiveness
application form is out and other guidance has been issued-while some questions concerning forgiveness have been answered, many remain, and more may yet arise in the wake of proposed legislation to modify the PPP loan program. Scopelitis, Garvin, Light, Hanson & Feary attorneys Steve Pletcher, Prasad Sharma, and Braden Core will walk through the loan-forgiveness process, expense calculations, eligibility, and certification requirements, as well as the impact potential changes to the program may have on AfA members' loan-forgiveness strategies.