Updated PPP Loan Forgiveness Applications and Rules for 2021

Earlier this month the SBA (Small Business Administration) and Treasury published updated Paycheck Protection Program (PPP) loan forgiveness guidance and released new forms for borrowers to use if they would be applying for PPP loan forgiveness of $150,000 or less. The latest form is called theĀ PPP Loan Forgiveness Application Form 3508S. This form seeks information…