PPP Update: EZ Forgiveness Application and New Guidance
On June 30, Tonkon Torp attorneys Drea Schmidt, Ferdie Ruplin, and Betsy Judd will host a roundtable discussion and Q&A on the SBA's new EZ Forgiveness Application for Paycheck Protection Program (PPP) borrowers. They will also cover changes to the long-form forgiveness application and additional new guidance from the SBA. Attendees can submit questions in advance of the roundtable to firstname.lastname@example.org. We will also take live questions during the program.
Register now to find out:
Who is eligible to use the new EZ Forgiveness Application?
For those using a 24-week covered period, what are the caps on forgivable cash compensation paid to each employee and each owner?
By what date do borrowers need to rehire employees to be eligible for the FTE safe harbor from loan forgiveness reduction?