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Preparing for PPP Loan Forgiveness

Paycheck protection program loan forgiveness

The Paycheck Protection Program (PPP) is slowly coming to an end from a borrowing perspective – businesses have until August 8, 2020, to apply for a loan. Even though borrowing is winding down, the real work for borrowers and banks is starting to ramp up. Advisors, business owners and banks are still trying to absorb all of the guidance issued by the SBA, and even with the voluminous guidance (that at some points seemed to change daily) there are still many questions. Read this AICPA article that highlights the main reasons borrowers shouldn’t rush this important process.