SBA Releases PPP Forgiveness FAQs

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.

Be sure to keep up with the Restaurant practice’s latest insights by subscribing to our blog on the Selections homepage here and following us on Twitter at @BDORestaurant.

Related Resources

Blog Post

Stimulus Funding Reporting Deadlines Approach

March 23, 2023
Blog Post

Stimulus Funding Reporting Deadlines Approach

March 23, 2023

Stimulus funding audits and reporting continue to impact nonprofit and for-profit entities. Evaluate your entity’s needs with a review of reporting requirements and reminder of deadlines.

Read More
Article

How to Transition the Managers’ Internal Control Program (MICP) to a Fully Integrated Risk Management and Internal Control (RMIC) Program

March 20, 2023
Article

How to Transition the Managers’ Internal Control Program (MICP) to a Fully Integrated Risk Management and Internal Control (RMIC) Program

March 20, 2023

In 2016, the Office of Management and Budget (OMB) revised the OMB Circular No. A-123, Management’s Responsibility for Enterprise Risk Management and Internal Control.

Read More
Article

2023 Shareholder Meeting Agenda

March 20, 2023
Article

2023 Shareholder Meeting Agenda

March 20, 2023

BDO’s 2023 Shareholder Meeting Agenda presents the most pressing issues for boards and management teams to consider ahead of this year’s annual shareholder meetings.

Read More
Case Study

How BDO Helps Retailers and Lenders in Distress

March 16, 2023
Case Study

How BDO Helps Retailers and Lenders in Distress

March 16, 2023

Read a sampling of our client case studies to learn how we can potentially help your business get back on its feet.

Read More