SBA Releases PPP Forgiveness FAQs

On August 4, 2020, the SBA issued long-awaited guidance pertaining to PPP loan forgiveness. The guidance, in the form of FAQ, covers three main topics: payroll costs, nonpayroll costs, and loan forgiveness reductions. Check back soon for additional restaurant-specific insights from BDO’s Restaurant Industry Group.

Read the PPP Loan Forgiveness FAQs from the SBA.

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