PPP loan forgiveness information

Hi All –

 

This was posted from NAR.

 

“The Treasury Department and the SBA have released the documents that PPP loan borrowers will need to fill out and provide to their lenders when applying for forgiveness, which you can find here.  Of the four documents posted, all borrowers will need to fill out and provide their lenders with two of them: the PPP Loan Forgiveness Calculation Form and the PPP Schedule A.  The documents include detailed instructions for borrowers to use, delineate the eligible payroll and non-payroll expenses the loans can be used for, and walk borrowers through step-by-step how to calculate their forgiveness/show that they have met the program's requirements. 

NAR has also updated its SBA FAQs to reflect the new information. 

We expect further guidance from the Treasury and SBA on forgiveness, but these documents provide an important first-step for borrowers to use.  We encourage NAR members who have received PPP loans to reach out to their lenders to ask about any additional documentation/records they will need.”

 

 

		Elizabeth Mendenhall, CEO 33 E. Broadway, Ste. 200, Columbia, MO 65203 PH: (573) 876.2882 www.boonerealty.com www.whyremax.com Licensed in Missouri ABR, ABRM, CIPS, CRB, GRI, PMN, e-PRO

 

ALERT! RE/MAX Boone Realty will never send you wiring information via email or request that you send us personal financial information by email. If you receive an email message like this concerning any transaction involving RE/MAX Boone Realty, and that email does not refer you to our deposit partner Sqaak.com, do not respond to the email and immediately contact your agent via phone.   Each Office Independently Owned & Operated.