Business

The SBA released the application to have your PPP loan forgiven. Here's a breakdown of the long and complicated requirements

7 days ago   |   By Business Insider

Small business owners who applied for the Paycheck Protection Program have a chance to have the loan forgiven by filling out the recently released Loan Forgiveness Application.
Despite the new documentation, some business owners are in the dark about the process given the length of the application and stringent requirements.
For one, borrowers will be ineligible for forgiveness on unspent capital - but the timing for spending it is more flexible.
Make sure you document everything, including what you used to pay yourself alongside payroll information.
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