Initial guidance and the application for PPP loan forgiveness was released on May 15, 2020, by the Small Business Administration (SBA). Farm Credit East business consultants Erin Pirro and Keith Dickinson discussed the requirements for producers who plan to apply for loan forgiveness after they have spent the PPP funds. The presentation included a discussion of expense tracking and documentation requirements based on initial SBA guidance.
Two identical webinars were presented on May 21 and 22. These webinars are relevant for producers who have received or have been approved for a Paycheck Protection Program (PPP) loan and plan to apply for loan forgiveness.
to view Frequently Asked Questions on PPP Loan Forgiveness.