The SBA has just released a new simplified forgiveness application for loans under $150,000.
https://www.sba.gov/sites/default/files/2021-01/PPP%20--%20Loan%20Forgiveness%20Application%20and%20Instructions%20--%20Form%203508S%20%281.19.2021%29.pdf
Now that this is available and we know the forgiven portion is not taxable and all expenses are deductible - I do not see any reason to hold back on applying for forgiveness at this time.
Check with your lender for details.