Ppp Loan Forgiveness Worksheet Excel 24 Weeks. Again we expect the banks to have different interpretations of which expenses qualify but we recommend to start gathering this information in one central place so download. Here comes the math.
The information used to create this calculator may not constitute the most up to date information available. There was nothing in the law that said business owners could elect a shorter forgiveness period say 12 weeks if they ran out of funds before 24 weeks. When the ppp flexibility act passed it appeared that borrowers could choose between an eight or 24 week forgiveness period.
Please read the instructions in the worksheet which indicate how to use the resources as intended.
Sba guidance current as of 05 18 20 paycheck protection program omb control number 3245 0407 loan forgiveness application expiration date. The loan forgiveness calculators use available. This calculator is based on the current version of sba form 3508 ppp loan forgiveness application 05 15 20. We have a worksheet for ppp loan forgiveness back from april 2020.