New SBA Loan Forgiveness What You Need to Know
Understanding the New SBA Loan Forgiveness Program
The Paycheck Protection Program (PPP), part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, offered forgivable loans to small businesses impacted by the COVID-19 pandemic. While the initial program had its complexities, understanding the nuances of loan forgiveness is crucial for eligible borrowers. The program evolved over time, with changes to eligibility criteria and forgiveness applications. This article aims to clarify some key aspects of PPP loan forgiveness, focusing on what you need to know to navigate the process successfully.
Who is Eligible for Loan Forgiveness?
Eligibility for PPP loan forgiveness