SBA New Guidance on PPP Loan Forgiveness and Loan Review

Wed May 27, 2020

SBA Releases Guidance on PPP Loan Forgiveness and Review

The Small Business Administration has released new guidance on loan forgiveness and loan review under the Paycheck Protection Program. This guidance is meant to help inform borrowers who are completing the recently released loan forgiveness application form. The loan forgiveness rule provides further instructions for filling out the forgiveness application, while the loan review rule outlines how the SBA will determine eligibility for the PPP and for PPP loan forgiveness.