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FT R A D Madison County Council of Governments 16 E. 9th Street, Room 100 Anderson, IN 46016 Adopted Date: August 2014 Amended Date: No Amendments to date INTRODUCTION FT UndertheregulationsoftheMovingAheadforProgressinthe21stCenturyAct(MAP21),
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PPP cover - month refers to the Payment Protection Program loan forgiveness application form that borrowers must submit to their lenders each month to request forgiveness for their PPP loan.
All borrowers who received a PPP loan and are seeking loan forgiveness are required to file PPP cover - month.
Borrowers must accurately complete all sections of the PPP cover - month form, including providing information on payroll costs, non-payroll costs, and any other required documentation.
The purpose of PPP cover - month is to document how borrowers have used their PPP funds and to request forgiveness for the loan.
Borrowers must report on payroll costs, non-payroll costs, full-time equivalent employee counts, and other required information specified on the PPP cover - month form.
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