Read our tips to ensure you’re ready to apply for PPP loan forgiveness and make the process As Simple As Possible.

Jan. 7, 2021 UPDATE: If you have not applied yet for PPP loan forgiveness, you may want to wait and review recent revisions to the program, as well as to the Employee Retention Credit (ERC), which were passed on Dec. 27, 2010. These changes may impact how you allocate payroll and non-payroll PPP covered expenses on your forgiveness application. Watch our webinar to learn more >>

The SBA released initial guidance on Jan. 6, 2021 for PPP “Round 2” loans per the Economic Aid Act passed on Dec. 27, 2020. We’re still diving into the details, and will revise the following information accordingly — stay tuned for updates! In the meantime, visit the SBA’s PPP web page for the most-up-to-date guidance.

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PPP Forgiveness Checklist 2

Check with your lender on their forgiveness process and documentation requirements

It’s vital that you stay in contact with your lender to understand their processes for data submissions (online portal or PDF uploads). If you are an ASAP payroll client, we can supply reports and wage data to help support you.