From NFDA Endorsed Provider SESCO Management Consultants:
The Small Business Administration has released the Payment Protection Program (PPP) loan forgiveness application. The application and instructions confirm that if a borrower used at least 75% of the loan proceeds on eligible payroll costs, no more than 25% on eligible non-payroll costs, and maintained staffing and salary levels, the PPP loan may be forgiven in full. The application further confirms the forgiveness amount will be reduced correspondingly by a failure to follow these requirements.
Get the full information and loan forgiveness application from SESCO.