Up to 100% of the PPP Loan is forgivable, the SBA released released the PPP Loan Forgiveness Application. The loan will be fully forgiven if the loan proceeds are spent within 8 weeks of the receipt of the loan in most circumstances.
To help you maximize the forgivable amount, use the following PPP Loan Forgiveness Checklist. Remember to check back for updates, as guidance for loan forgiveness is continuously evolving and rules may change.
To learn more about forgiveness of PPP loans the following document will clarify some common PPP Loan Forgiveness Scenarios, that will help you and your company navigate different situations that may be encountered pertaining to PPP loan usage and forgiveness and make better decisions if you understand how these loans will
