Review of Optometric Business provides an easy-to-follow chart summarizing the four-step Paycheck Protection Program (PPP) loan forgiveness process. The article includes information on the recent rules update from the Small Business Administration (SBA) related to applying for PPP loan forgiveness. The article states that the Borrower is responsible for determining their eligibility for using the SBA Form 3508EZ or SBA Form 3508 based on page one of the SBA Form 3508EZ instructions. Additionally, as there should be limited back and forth between the Borrower and the Lender, the article suggests Borrowers should look to the U.S Department of Treasury for guidance before contacting their Lender with questions.
PPP Loan Forgiveness Rules Update
