The Small Business Administration (SBA) has recently released updates regarding the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP). See the links below for additional information.

EIDL News Release

PPP Loan Forgiveness Application (Revised June 16, 2020)

There is also an EZ version of the Loan Forgiveness Application. The SBA PPP Tools page includes this alternate application and detailed instructions for both forms are in the “For Borrowers” section.

Finally, the SBA has provided clarity for self-employed borrowers to have full forgiveness of PPP funds. This analysis from Forbes highlights all of the changes in the last SBA update.

Please contact your Whitlock advisor with any questions.