Small Business Administration Paycheck Protection Program (PPP) Loan Forgiveness Update: What You Need to Know

Quick Summary

  • UPDATE: As of July 3, 2020, the application deadline has been extended to August 8, 2020
  • The SBA has about $125 billion in loan forgiveness funds for those that qualify
  • To ease access to these funds, application restrictions were lifted and later the deadline to apply was extended. Candidates who may not have previously qualified need to review the recent updates

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