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PAYCHECK PROTECTION PROGRAM (PPP) LOAN FORGIVENESS PROCESSLoan Forgiveness steps Here’s how Forgiveness will work for PPP loans processed through JPMorgan Chase. It is your obligation, as the borrower, to understand the SBA’s rules.STEP 1 DOCUMENT your eligible payroll and non-payroll costsFor payroll, use the 24-week Covered Period or Alternative Payroll Covered Period. If you were funded before June 5, 2020, you can elect to use an 8-week or 24-week Covered Period or Alternative Payroll Covered Period: Covered Period that starts the day loan funds were deposited into your account or Alternative Payroll Covered Period that starts the first day of the first pay period following deposit of loan fundsSome eligible payroll costs include:- EMPLOYEE COMPENSATION - PAYMENT FOR LEAVE - CASH TIPS - EMPLOYEE BENEFITS For non-payroll, use the 24- or 8-week Covered PeriodPAYCHECK PROTECTION PROGRAM (PPP)LOAN FORGIVENESS PROCESS®Visit SBA.gov and Treasury.gov for the latest information regarding P...