The U.S. Small Business Administration (SBA) has announced it will start accepting Paycheck Protection Program (PPP) loan forgiveness applications starting Aug. 10.
The SBA issued new loan forgiveness applications in June. You can read more about the two application options and access them in our previous article.
Borrowers are tasked with preparing the forgiveness application and submitting it to their lender. Borrowers also are responsible for calculating the specific forgiveness amount.