The Small Business Administration, in consultation with U.S. Treasury, released a fresh set of frequently asked questions (twenty-three of them, to be exact) that seek to answer PPP borrowers’ most burning questions about the loan forgiveness process.
As Joseph Jalbert, principal at Baker Newman Noyes, explains. many of the questions within the FAQs were previously addressed in the loan forgiveness applications and related instructions.
"Nevertheless, we have some new information that will hopefully clear up some points of confusion for borrowers. While we won’t aim to address every question contained in the FAQs, we’ll take a look at some of the more significant questions within each of the four sections into which they were divided."