Borrower Friendly PPP Loan Forgiveness Regulatory Changes Provided By The New SBA Regulation – Forbes

March 31st, 2022 § 0 comments § permalink

The Small Business Administration (SBA) has just made a number of updates to the regulations governing PPP loans that are being welcomed by borrowers and their advisors. These new rules will save tens of thousands of hours for borrowers, accountants, banks and the SBA.

Currently, lenders are individually responsible for their own internal collection of loan forgiveness applications, which they are then required to submit to the SBA for approval

Please join Brandon Ketron, JD, CPA and I on Saturday EST for a free 30 minute webinar discussing the above as well as recently issued Notice 2021-49 which provides guidance on the Employee Retention Credit and is discussed in our Forbes article titled Newly Issued Employee Retention Credit Guidance Punishes Owner Employees If They Have Living Family Members. » Read the rest of this entry «

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