Agencies have not begun accepting forgiveness applications for the PPP Loans, however, they released what the application will look like on Friday:
It follows the same basic requirements that they have been stating throughout the process. The loan funds must be used for payroll (25% of which can be used for approved non-payroll expenses) loan proceeds must be used within 8 weeks (56 days) beginning from the date funds were received. They will be doing employee headcounts, in an effort to enforce payroll restoration. If your employee headcount is reduced, so too will be the portion of the loan that can be forgiven.