PPP Loan Forgiveness Checklist

Morrison Foerster – The Paycheck Protection Program (PPP), which is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides aid to qualifying small businesses in the form of loans with terms favorable to borrowers, including, in particular, provisions that allow potentially the entire loan amount to be forgiven if the proceeds are spent on payroll and other qualifying expenses.  This infographic provides an overview of the issues borrowers must analyze, and documents to gather, when preparing their loan forgiveness applications.