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PPP Loan Forgiveness Update

June 1, 2020

KSM

Over Memorial Day weekend, the U.S. Small Business Administration (SBA) released interim final rules on Paycheck Protection Program (PPP) loan forgiveness and loan review procedures. While the guidance confirms some previous expectations, it also includes new clarification on wages, forgiveness reduction exceptions, and other significant issues.

On May 29, we hosted a webinar addressing the details of this guidance as well as:

  • Planning opportunities in light of the new guidance
  • Highlights of PPP loan forgiveness application requirements
  • Tax implications of loan forgiveness
  • Other loan forgiveness FAQs

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