I was presuming (in this blog post) that the SBA set an initial date for accepting PPP forgiveness applications of August 10th because surely Congress would have something ironed out before they go on recess, and that these expected legislative changes to the program were the same reason for delaying release of their FAQ (yes, the one they have been promising for the past two months).
Surprise! The SBA FAQ was released late yesterday — I’ll be attending the AICPA Town Hall tomorrow and will post an update afterwards (maybe Friday), but in the meantime, here are the best articles I’ve found on the topic so far.
Journal of Accountancy – New FAQs address PPP loan forgiveness issues
By Jeff Drew
Forbes – SBA Makes Further Changes To PPP Rules In August 4th FAQs
By Alan Gassman
ABA Banking Journal – SBA Releases New PPP Forgiveness FAQs, Lending Data
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