On Friday, May 15, 2020, the Small Business Administration (SBA) issued the PPP loan forgiveness application with instructions for PPP borrowers to determine and report how their respective loan will be forgiven. To apply for loan forgiveness, the Borrower must complete the application and submit it to the Lender who is servicing his/her loan. The Borrower also has the option to complete the application electronically through their lender. This application has the following components: (1) the PPP Loan Forgiveness Calculation Form; (2) PPP Schedule A; (3) the PPP Schedule A Worksheet; and (4) the (optional) PPP Borrower Demographic Information Form. It is recommended you read the instructions and contact your lender if you have any questions. Click on the link above for the PPP Loan Forgiveness Application.
