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 ...
Most importantly, the new law extends the time businesses have to use loan funds ... applying for forgiveness. The PPP still comes up short, so get organized for the next program Microbusiness ...
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 ...
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