Posts Tagged ‘SBA’
PPP Recipients can Self-Certify for Small Loan Forgiveness
Thankfully, the SBA has issued new guidelines for PPP loan forgiveness with the following changes. Recipients of $50,000 or less can self-certify that the money was used for covered expenses, the new application is one page short, and the requirement to maintain employee and salary numbers has been eliminated. This is a great step toward accomplishment of…
Read MoreStakeholders anxiously await clarification of PPP loan forgiveness process
Borrowers and lenders are being advised to sit tight, while Congress reworks the kinks toward debt forgiveness for PPP loans. As outlined by the NYT, progress is being made toward overcoming the various hurdles so that all stakeholders will be able to achieve the initiative’s well-intended respite and fresh start.
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