The Paycheck Protection Program was a federal program designed to support small businesses through the COVID-19 pandemic. If you received a PPP loan, you may be able to apply for forgiveness.

Along with your loan forgiveness application, you will need to provide proof of how you spent your PPP loan. Remember, only funds spent on allowable expenses will be forgiven.

The Paycheck Protection Program (PPP) — the U.S. government’s lifeline for small businesses during the Covid-19 pandemic — sent out a total of nearly $800 billion to help companies keep ...

The application calculation ($70,000 divided by .75) would bring the total forgiveness amount to $93,333.

The initiative is only for loans of $150,000 or less, which make up 92% of the PPP loans distributed. The new online portal is reportedly designed to streamline the process both for borrowers and ...

The Small Business Administration (SBA) has released a simple one-page forgiveness application for Paycheck Protection Program (PPP) borrowers who obtained loans of $50,000 or less.

The PPP loan forgiveness application is 11 pages long and requires companies to document all spending on payroll, rent and utilities. Changes to the act were signed into law by President Trump on ...

The PPP loan forgiveness application is 11 pages long and requires companies to document all spending on payroll, rent and utilities. Changes to the act were signed into law by President Trump on ...

In June 2021, an average of $95,700 of PPP were forgiven, decreasing to $72,500 in July of 2022 and $72,100 by October 2022. Congress authorized this under the CARES Act, which was signed into law ...