The Small Business Administration released the application for forgiveness of the Paycheck Protection Program loan.
As everyone knows, the 8-week time period to spend the money starts on the day the PPP funds are deposited into the business bank account. When the 8 weeks end, the business has 4 weeks to complete the loan forgiveness application and submit it, along with detailed documentation of expenses, to the bank.
The application and instructions are 11 pages. We're including links to the application and to a short article about the application.
SBA releases coronavirus PPP loan forgiveness application
We haven't yet had a chance to go through the application, so won't be able to answer questions until early next week.
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