The SBA has released the application borrowers will need to complete in order to apply for forgiveness of their PPP loan.  The application includes detailed instructions and worksheets, which we recommend you download and review carefully as you begin to gather information and documents.  The SBA has also stated they intend to issue additional guidance on forgiveness in the near future including clarifying various aspects of the application calculations and documentation you will need to provide your lender. PLEASE NOTE THIS INFORMATION IS SUBJECT TO CHANGE PENDING THIS ADDITIONAL GUIDANCE. 

Click here to access the application. We continue to strongly recommend that you check the Treasury’s website for updated information and guidance (click here), read the relevant CARES Act sections (click here), and consult with your CPA and/or attorney for professional advice, as borrowers are solely responsible for their use of PPP funds and should not rely on American National Bank and its own interpretation of the Act.