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Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may …

Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses.
Congress recently changed the rules regarding loan forgiveness. The Treasury Department and Small Business Administration are responsible for updating the application form and instructions for loan forgiveness.

PPP borrowers must apply for loan forgiveness with the lender that processed the loan.

Here a guide to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan:

https://www.uschamber.com/…/…/uscc_ppp_forgiveness-guide.pdf

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