Just a few days ago the Small Business Administration (SBA) and Treasury Department issued a Paycheck Protection Program (PPP) Loan Forgiveness Application, along with detailed instructions and worksheets. Dealership PPP borrowers will use the application to apply to their lender for forgiveness of costs properly incurred and payments properly made in conjunction with their eight-week forgiveness-covered period.
NJ CAR hosted a webinar on Thursday, May 21, 2020 to go over the new application and process. Presenters included Mike McMahon of Arent Fox, Lou Young of Withum, and Anthony Anastasio from NJ CAR.
Access a copy of the slide presentation HERE.
Access a recording of the webinar HERE or click below: