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  • About Us

    Where there's unique perspective, there's DGC. 
    Learn more

    • Service Philosophy
    • Team
    • News & Events
    • Community Involvement
  • Services
    • Private Client
    • Business Tax
    Assurance & Accounting
    • Accounting & Business Advisory Services
    • Audit, Review & Compilation
    • Employee Benefit Plan Audit
    • Overhead Rate Audit
    Business Advisory
    • Alternative Dispute Resolution
    • Bankruptcy & Restructuring
    • Forensic Accounting
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    • IT Risk Assurance & Advisory
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Effective January 1, 2022 DGC merged with PKF O’Connor Davies (PKFOD), the 27th largest accounting and advisory firm in the U.S. Click here for more information.

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PPP Loan Forgiveness Application Now Available

5/18/2020 Articles & Podcasts

The Small Business Administration (SBA) has released its Paycheck Protection Program Loan (PPP Loan) forgiveness application. To download the document, click here.

This 11-page PDF is completed by the borrower and then submitted to the borrower’s Lender or the Lender that is servicing their loan. There is also an option for borrowers to complete this application electronically through their Lender. There are four sections in the document:

  1. PPP Loan Forgiveness Calculation Form
  2. PPP Schedule
  3. PPP Schedule A Worksheet
  4. PPP Borrower Demographic Information Form (optional)

DGC’s PPP Loan forgiveness team has developed a complex model to assist clients with the forgiveness calculation process. This model will play an important role in producing the documentation that lenders will require for approval of the loan forgiveness amount. The model will also be helpful in the event of a subsequent SBA audit.

***Click here to download the PPP Loan forgiveness application***

Over the past few weeks, DGC has posted a wide variety of PPP Loan forgiveness resources to dgccpa.com/coronavirus including articles covering topics like four steps to maximize PPP Loan forgiveness, good-faith certification guidelines, and FAQs about rehiring employees. George Shaw, CPA, and Kimberley Train, CPA, ABV also hosted a webinar, “PPP Loan Forgiveness – A Process to Optimize Results.” To watch a recording of that webinar or to view the slide deck, click here.

The PPP Loan forgiveness application form provides some clarification and guidance on issues covered in our prior communications. We will provide a more detailed update on those issues shortly.  

If you have questions or want to discuss how DGC can assist you with loan forgiveness calculation, please contact a member of your DGC client service team or George Shaw, CPA at 781-937-5125 / gshaw@dgccpa.com or Kimberley Train, CPA, ABV at 781-937-5112 / ktrain@dgccpa.com.

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Articles & Podcasts
    Coronavirus, COVID-19, Paycheck Protection Program, PPP Loan Forgiveness, PPP Loans

About the Author

George D. Shaw, CPA
George Shaw, CPA Partner, Transaction Advisory Services
More Articles by George
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Kimberley A. Train, CPA, ABV
Kimberley Train, CPA, ABV Partner
More Articles by Kimberley
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About the Author

George D. Shaw, CPA
George Shaw, CPA Partner, Transaction Advisory Services
More Articles by George
Author Profile
Kimberley A. Train, CPA, ABV
Kimberley Train, CPA, ABV Partner
More Articles by Kimberley
Author Profile

PPP Loan Return of Funds Extended Further to May 18th 5/14/2020
SBA Releases Good-Faith Certification Guidelines for PPP Loans 5/13/2020
PPP Loan Forgiveness and the Impact on Your Overhead Rate 5/6/2020
UPDATE: PPP Loan Return of Funds Extended Further to May 18th 5/6/2020
New PPP Loan Forgiveness Guidance FAQs Include Details About Rehiring Employees 5/4/2020
New IRS Guidelines – No Tax Deductions For Expenditures Derived From Forgiven PPP Loan Proceeds 5/1/2020
Webinar Recording & Slides: PPP Loan Forgiveness – A Process to Optimize Results 5/1/2020
Four Steps to Maximize Your CARES Act PPP Loan Forgiveness 4/21/2020
SBA PPP Loan Program - Additional Guidance Issued for Partnerships and LLC Owners 4/16/2020
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