Update: #AskAOA Webinar for PPP Loan Forgiveness Details
On May 15, the Small Business Administration and the U.S. Department of the Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for the application. Reminder, the financial institution/lender who issued your PPP loan mayhave additional rules for you to comply with for forgiveness.
Join Dr. Jeffrey Michaels for the latest #AskAOA Webinar focusing on details of the PPP loan forgiveness rules.
What: #AskAOA Details of PPP Loan Forgiveness Rules
On May 14, AOA sought immediate clarification from the Treasury and the Administration on key aspects of loan forgiveness to ensure that small business owners and independent contractors who have sought relief through the program can better plan for the future. At this already challenging time, program uncertainty is an unacceptable burden on businesses. While the application released on May 15 is critical to understanding the forgiveness process, additional guidance is needed and AOA will continue to work to receive the additional information needed.