Forgiveness calculation steps
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Forgiveness calculation steps

1 month ago · 10 min read

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Many businesses that received a first or second draw Paycheck Protection Program (PPP) loan are now looking to apply for forgiveness. Review these steps to be prepared for the loan forgiveness application. Consider using the AICPA’s loan forgiveness calculators to assist with these calculations.

This overview of PPP loan forgiveness is not a substitute for authoritative guidance issued by SBA and U. S. Treasury. Please refer to official guidance for additional information, including the Interim Final Rule on Loan Forgiveness

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