COVID-19: SBA and Treasury Issue PPP Loan Forgiveness Application – Many Technical Questions are Resolved but Additional Guidance is Needed

    View Author May 2020

    On May 15, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the PPP Loan Forgiveness Application (Forgiveness Application) with detailed instructions (SBA Form 3508). Our publication offers explanation on the Forgiveness Application and thoughts on remaining uncertainties that would benefit from additional guidance from the government.