PPP Forgiveness: 7 Commonly Asked Questions and Answers
By EsqSocial Corporation 22/02/21
The Paycheck Protection Program (PPP) provided much needed assistance to small businesses affected by COVID-19. While the PPP is a small business loan program within Section 7(a) of the Small Business Act, PPP loans are subject to payment deferral and immediate forgiveness if the borrower uses the funds in an authorized manner. As loan forgiveness is the highlight of the program for most small businesses, it is important to understand the requirements for forgiveness. Here are answers to seven...
By: Pietragallo Gordon Alfano Bosick & Raspanti,