COVID-19 Update: Additional Guidance on the PPP Flexibility Act and New Application Forms Released

Posted by Kathy Dean-Bradley, CPA     Late last night, the Treasury released an interim final rule with additional guidance regarding H.R. 7010 (Paycheck Protection Program Flexibility Act of 2020). Updated application forms for borrowers and lenders were also released. Below is an outline of highlighted changes from the guidance: Extends eligibility for the program from June 30, 2020 to … Continued

COVID-19 Update: Paycheck Protection Program Forgiveness Application Released

  Posted by Kathy Dean-Bradley, CPA   Late on Friday, the SBA released theĀ PPP Loan Forgiveness Application. Along with the Application came instructions and answers to some questions related to the calculation. Although some questions still remain and we expect additional guidance from the SBA, below are important highlights to consider when conducting the calculations. Changes were made to make … Continued