PPP Loan Forgiveness Update – We’re Still Waiting
After congress passed the second round of funding for PPP loan program, we’ve seen an increase in the number of businesses to receive funding through the program.
We hope that if you applied your business received the much-needed relief from your bank. We’ve continued to monitor the forgiveness requirements and there are still many unanswered questions. We’re monitoring the release of Treasury/SBA guidance on specifics related to loan forgiveness on a daily basis and will pass the information along to you as soon as it’s available. You can also check here for updates through the Treasury/SBA directly.
In the interim, if you have received PPP loan funding, consider bringing any employees back to the workforce and maintain their payroll at no less than 75% of pre COVID-19 levels.
