The Paycheck Protection Program provided forgivable loans for small businesses (less than 500 employees) to help with job retention and certain other expenses.

The SBA closed the program August 8, 2020 and lenders are no longer accepting applications.

The SBA and the U.S. Department of the Treasury produced the following guidance to address borrower and lender questions concerning forgiveness of PPP loans.

PPP-Loan-Forgiveness-FAQs-August-11-2020-508


For additional questions, see the Internal Revenue Service's expanded FAQ.