Tuesday, May 19. 2020
Last week, the Small Business Administration (SBA) released the Paycheck Protection Program's loan forgiveness application. This application must be completed in order for the lender to determine the amount of the loan that is to be forgiven. The application can be downloaded from the SBA's PPP webpage here.
For those interested, the Illinois Collaboration on Youth (ICOY) will be hosting another CARES Act webinar entitled, The Ins and Outs of the Payroll Protection Program Loan Forgiveness Application, this Thursday, May 21, 2020, from 11:00 a.m. to 12:30 p.m. This webinar will focus on the above-mentioned loan forgiveness application for PPP. Interested parties can register for the webinar by clicking on this link.
Additionally, the American Business Immigration Coalition, Self Help Federal Credit Union, the Illinois Restaurant Association, the Florida Restaurant and Lodging Association, the National Partnership for New Americans, and The Resurrection Project are also hosting a webinar on the PPP loan forgiveness process this Thursday, May 21, 2020 from 12:00 p.m. to 1:30 p.m. Interested parties can register for the webinar entitled, Understanding the Paycheck Protection Program Loan Forgiveness Process, at this link.
For those organizations with PPP questions, don't forget to email DHS.PPPQuestions@illinois.gov or visit the PPP Frequently Asked Questions page on IDHS's Coronavirus page.
Grace B. Hou