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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.

Rensselaer County and Stewart’s Shops will be teaming up for four vaccination clinics at Stewart’s locations in the coming weeks, County Executive Steve McLaughlin and Stewart’s President Gary Dake announced. The four locations are located across the county and will help ensure residents have convenient and ready access to vaccinations during the…
TROY (07/27/2021)—The Arts Center of the Capital Region is proud to announce that the Fish Market community engagement project is now open! After a year of dialogue, exploration, and planning, the community of North Central Troy has a space to gather and make art. The Fish Market Project, which occupies the newly renovated fish market building at…
Fagan Associates is happy to welcome Patricia Denio Walton to our team. Patricia has worked in the financial services industry for nearly two decades, has a Series 7 as well as a Series 63 license and is currently working toward her CFP. A person with impeccable integrity, Patricia will be an integral team member and a valuable asset in forwarding…
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