For those of you that have received your PPP funding, the 8-week clock has started. I have attached a Loan Forgiveness Calculator with SBA interpretations incorporated through April 23, 2020. You can use the calculator to measure potential forgiveness.
Given the surprise interpretations that occurred since the PPP was rolled out there is no doubt there will be some surprises in the SBA regulations governing the loan forgiveness due out later this week. We will update the calculator accordingly.
Please contact your BKM Sowan Horan team member with any questions.
Be sure your contact information is up to date here to continue receiving important COVID-19 accounting and tax updates.