The Paycheck Protection Program (PPP) is now closed and loan applications are no longer being accepted.
PPP Forgiveness applications are now being accepted and should be submitted to the PPP lender.
The SBA website states the SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. Click here to read more about PPP loan forgiveness.
Frequently Asked Questions (FAQ) for Lenders and Borrowers (8/11/20)
Frequently Asked Questions on Loan Forgiveness (8/11/2020)
Interim Final Rule on Treatment of Owners and Forgiveness of Certain Nonpayroll Costs
Other Interim Final Rules issued jointly by the SBA and U.S. Treasury to provide guidance to seasonal employers, non-profits, and other types of businesses and employers can be found here, under the Program Rules section.
Paycheck Protection Program EZ Loan Forgiveness Application Instructions for Borrowers
Paycheck Protection Program EZ Loan Forgiveness Application Form 3508EZ
Paycheck Protection Program Loan Forgiveness Application Instructions for Borrowers
Paycheck Protection Program Loan Forgiveness Application
Businesses that obtained both a PPP and an EIDL can use PPP loan proceeds to effectively refinance the EIDL for a lower interest rate:
Guidance on Refinance of EIDL Loans with PPP Loan Proceeds