SBA Releases PPP Loan Forgiveness FAQ

SBA, PPP Loan Forgiveness

On Aug. 4, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released guidance to address borrower and lender questions concerning the forgiveness of Paycheck Protection Program (PPP) loans.

The SBA says borrowers and lenders can rely on the guidance in the FAQ document as SBA’s interpretation of the CARES Act, the Flexibility Act, and the Paycheck Protection Program Interim Final Rules (“PPP Interim Final Rules”).

Find the downloadable FAQ sheet here.

Alexandria Bruce

Alexandria Bruce is the editor of the GRAPHICS PRO Daily, covering news and guidance in apparel decoration, awards and engraving, and sign and digital printing.

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