Small Business Administration Paycheck Protection Program (PPP) Loans
The Paycheck Protection Loan Program is a complicated system with many pitfalls. Let our attorneys guide you through completing your SBA and PPP documentation—including the Loan Forgiveness Calculation form, PPP Schedule A, and other important pieces of information.
Small business owners hoping for relief from the financial hardships caused by the COVID-19 pandemic rushed to apply for a Paycheck Protection Loan when it became available through the CARES Act in late March, and again when Congress passed an additional aid package in April.
The business landscape is changing rapidly through legislation and new and updated guidelines, making it difficult for small business owners to keep up with their obligations under the Paycheck Protection Loan program.
For any borrower who received one of the earliest loans the time to apply for loan forgiveness is rapidly approaching.
In addition to providing updates and alerts for our clients and the public, our team of business attorneys is available to assist our clients in reviewing both the initial PPP application and the Loan Forgiveness application.
With the requirement to retain PPP documentation for at least six years, you must be sure of your calculations.