SBA Issues PPP Loan Forgiveness Forms and Instructions

The Small Business Administration has issued forms and instructions for applications for forgiveness of Paycheck Protection Loans.

The instructions answer some of our burning questions about accounting methods (cash vs accrual)  and the FTE calculations.

An FTE is defined as 40 hours (or more) per week.

Documentation requirements are clarified.

Here’s a link to the forms –

Here’s a link to the press release from the SBA –


– Mark S Gleason CPA




This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply


Mattson Gleason CPAs Ltd

10627 West 165th Street
Lakeville, MN 55044

Tel: 612-861-4542
Fax: 952-435-3642


Contact Form

Mattson Gleason CPAs Ltd BBB Business Review