Most businesses are reaching the mid-way point of the 8-week period following the receipt of the SBA PPP loan. Remember, the PPP loan is forgivable if the proceeds are used according to the SBA guidelines.
The link below contains great information that will help you understand what expenses are eligible for forgiveness and which expenses are not eligible for forgiveness. The link contains a downloadable PDF containing instruction sheets, calculations forms, and the application. You will need your PPP loan number, PPP loan disbursement date, Economic Injury Disaster Loan (EIDL) Loan application number (if you applied for both programs), the EIDL cash advance amount, and Payroll Schedule prior to submitting this application. Upon request, we can also provide additional worksheets that can assist you with the calculations necessary to complete the application.
If you have any problems filling out the form or need assistance with calculations, please contact us at (504) 525-7245 or by email. Stay safe!