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Posts Tagged ‘Paycheck Protection Program’

Averting Bankruptcy: PPP loan forgiveness to be launched

The SBA is thankfully beginning to forgive PPP loans, staving off the backlog blocking new loans, as well as averting bankruptcy filings in the face of mounting debt.  Legislation is also being drafted to streamline the paperwork for forgiving small loans, by permitting borrowers to self-verify to the proper use of funds.    

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