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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.

Amsterdam, NY – October 20, 2021 – Hill & Markes, a family-owned wholesale distributor, has launched a new podcast. Since1906 (hillnmakes.com/Since1906), is about distribution powerhouse Hill & Markes and how their mission is more than moving product of a shelf - it’s a commitment to safety and well-being. Since1906 is about how every…
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Maximize your Chamber investment by discovering all of the advantages of membership, for you AND your employees. Learn about exclusive perks and services…
Details: Check-in and Breakfast begin at 8:30 a.m.; Benefits Presentation from 9:00 a.m. -10:00 a.m.
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Holiday NetworkingPlus is a festive event designed to expand your connections and generate new leads. You will have the opportunity to deliver a promotion…
Details: Check-in and Lunch from 11:30 a.m. - 12:00 p.m.; Networking from 12:00 p.m. - 1:30 p.m.