We expect the Small Business Administration (SBA), the federal agency which sets the rules of the program, to continue to release details in the coming weeks on the forgiveness process and we will share any information as we receive them.
The SBA released the loan forgiveness application form and instructions for the form on June 16, 2020. The SBA also released an EZ version of the form and instructions for the form that include eligibility criteria for borrowers to use the EZ option. Based on these new instructions, Reinvestment Fund will update our FAQ section below. It is important that you follow instructions carefully so that your loan balance may be forgiven. To help further, we are sharing this “how to” guide (updated 6-24-20) prepared by FMA.
Meanwhile, please check this page frequently as we will continue to update information as it is received. We will also host webinars in the coming weeks to answer questions and share details on the forgiveness instructions. You can access a recording of our past webinars as follows: