COVID-19 PPP Loan Forgiveness: What We Know

The Paycheck Protection Program (PPP) from the U.S. Small Business Administration (SBA) was rolled out to provide critical support to countless businesses heavily affected by the COVID-19 pandemic. One aspect of the loan is especially enticing to borrowers: loan forgiveness. With many businesses now halfway through the eight-week period to spend their loan proceeds, the issue of properly calculating loan forgiveness amounts is of critical importance. Join BKD Trusted Advisors™ as we review these provisions to help you navigate the rules around this significant issue. Given the widespread impact of this program, we have also allotted extra time for a Q&A to help provide clarity around this complex topic. 

Learning Objectives
Upon completion of this program, participants will be able to:

  • Describe general guidelines and guardrails for PPP loan forgiveness
  • Discuss best practices to identify, account for and document qualified expenditures during the eight-week PPP coverage period
  • Discuss answers to frequently asked questions we have been receiving from clients
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