There are so many questions surrounding Loan Forgiveness under the PPP Program.
The program states that when the lender makes the first disbursement of the loan, businesses have eight weeks to spend the money on authorized expenses. It is important to note that the lender must make the first disbursement no later than 10 calendar days from the loan approval date.
Getting the funds is critical – but understanding what you need to do to ensure that the loan is forgiven is equally important.
To help small businesses navigate through the loan forgiveness process, the AICPA has created the following checklist that outlines the necessary steps to take for PPP loan forgiveness.
We strongly urge you to review the checklist now, so that you have a clear understanding of these steps to prepare for maximum loan forgiveness at the end of the 8-week covered period.
Click on the document to open and
download the checklist.