We hope that if you applied your business received the much-needed relief from your bank. We’ve continued to monitor the forgiveness requirements and there are still many unanswered questions. We’re monitoring the release of Treasury/SBA guidance on specifics related to loan forgiveness on a daily basis and will pass the information along to you as soon as it’s available. You can also check here for updates through the Treasury/SBA directly.
In the interim, if you have received PPP loan funding, consider bringing any employees back to the workforce and maintain their payroll at no less than 75% of pre COVID-19 levels.