Yesterday we distributed the just-released Loan Forgiveness Application for the Paycheck Protection Program (“PPP”). Today’s Alert is an analysis of that Application, including topics such as the calculation of forgiveness amounts, description of expenses qualifying for forgiveness, and certifications that the borrower must make in connection with forgiveness. Our analysis also identifies new questions raised, and existing questions not fully addressed, by the Application. The Alert can be found here.
Client Alert: Analysis of PPP Loan Forgiveness Application – May 17, 2020
