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SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application



The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. 

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

The PPP was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic.  The documents released today will help small businesses seek forgiveness at the conclusion of the eight-week covered period, which begins with the disbursement of their loans.

Click here to view the application and instructions. It is also available at www.sba.gov/ppp in the Loan Forgiveness section of the webpage.

Hudson Valley Community College will hold its annual Homecoming weekend festivities this weekend, starting with a dedication of the college Foundation’s new Alumni House on Thursday, Sept. 22 and continuing with a full slate of events throughout the weekend. Most events are open to the public; please note where RSVPs are required. THURSDAY, SEPT.…
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