The application for forgiveness for Paycheck Protection Program loans is now available. Many ACRA member firms have taken advantage of this program during the current pandemic, and the SBA and Treasury have been continually putting out guidance to help businesses navigate the PPP.
The application provides the PPP Loan Forgiveness Calculation Form, the PPP Schedule A, the PPP Schedule A Worksheet, and the (optional) PPP Borrower Demographic Information Form. If you received a PPP loan, you must the PPP Loan Forgiveness Calculation Form and the PPP Schedule A to your lender in order to apply for forgiveness.
Get the forms and instructions for submitting your application for forgiveness here, and stay tuned to the ACRAsphere for further updates.