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New PPP Forgiveness FAQs Issued

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On August 4th, the SBA released additional FAQs addressing forgiveness of PPP loans. The FAQs clarify and provide examples for some common questions and calculations required on the forgiveness application. The FAQs include clarification on eligible payroll & non-payroll costs as well as loan forgiveness reductions. See the complete FAQs here. The new FAQs continue…