As a business owner you want your primary focus to be on running your business. In these trying times, your attention is redirected to a number of different tasks. You applied for and received a Paycheck Protection Program loan in order to assist in keeping your employees amidst the myriad of unclear and clarified guidance which has been issued.
In the middle of all of this, the PPP forgiveness application was released by the SBA and Treasury on May 15, 2020, and your forgiveness application will be due sometime in the next few months. With all of the uncertainty surrounding the program, there are definitive steps that you can do today to prepare for your forgiveness application.
This guide is an overview of the process that you can start today with timelines available to help you through the PPP forgiveness application process.