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Paycheck Protection Program Loan Forgiveness

Paycheck Protection Program loan ForgivenessFor BorrowersPaycheck Protection Program (PPP) borrowers may be eligible for loan Forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement. A borrower can apply for Forgiveness once it has used allloan proceeds for which the borrower is requesting Forgiveness . Borrowers can apply for Forgiveness any time up to the maturity date of the loan .

• Business rent or lease payments: Copy of current lease agreement and receipts or cancelled checks verifying eligible payments. • Business utility payments: Copies of invoices and receipts, cancelled checks or account statements. Determine Eligibility SBA Reviews and DAYS Contact Your. 1 PPP Lender. Compile. 2 Documents. Submit to . 3 ...

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