SBA Releases PPP Loan Forgiveness Application


The Small Business Administration (SBA) has released the Paycheck Protection Program (PPP) Loan Forgiveness Application along with detailed instructions. Employers that received money from the PPP must apply for loan forgiveness from their lender.

The SBA will also issue regulations and guidance to assist borrowers in completing their applications and will provide lenders with guidance on their responsibilities.

The form and instructions include measures to reduce compliance burdens and simplify the process for borrowers, including but not limited to:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
  • Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that were declined

The application and instructions can be found here.

Please check for future updates.

If you have any questions, please contact Misty Baker at or David Mordo at


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