C.A.R. just released two step-by-step guides for the SBA PPP Loan Forgiveness Applications:
• For borrowers with employees
• For borrowers without employees
Please note, the SBA has not issued guidance on certain issues of interest to REALTOR® borrowers, including whether certain home office expenses count towards forgiveness. Once we hear from the SBA, we will update these guides and let you know. C.A.R. is asking Congress to continue funding the PPP program through June 30, 2020. The CARES Act authorized the PPP program through June 30, 2020.
Click below for the SBA step-by-step guides noted above and C.A.R.'s letter to Congress.