Borrowers who fail to apply for forgiveness before the 10-month deadline will have to make payments on principal, interest and fees for PPP loans. If the relaxed program rules make a PPP loan more ...

Lawmakers have approved more than $480 billion to revive a government loan program that ran out of money amid crushing demand from small businesses struggling with coronavirus lockdowns.

The Small Business Administration began processing loan forgiveness applications ... Recipients of PPP loans of $50,000 or less can apply for forgiveness using a simplified application that ...

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...