Webinar Recording: SBA Issues PPP Loan Forgiveness Application
On May 15, 2020, the Small Business Administration (SBA) issued the Paycheck Protection Program (PPP) Loan Forgiveness Application. In this webinar, we will review the application, related instructions and discuss the computations of loan forgiveness. We have also addressed frequently asked questions during this presentation.
Topics will include:
✓ Details of the SBA loan forgiveness application (Form 3508)
✓ New general concepts
✓ Payroll Costs including loan reduction exceptions and safe harbor
✓ Non-cash compensation and compensation to owners
✓ Non- payroll costs
✓ Calculating the forgiveness amount
✓ Required documentation
✓ Areas of uncertainty
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Visit our COVID-19 Resource Center for the latest advisories and resources on the CARES Act and the different loan programs available.
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