Businesses that received loans through the federal Paycheck Protection Program (PPP) are encouraged to apply for loan forgiveness.
The U.S. Small Business Administration (SBA) is no longer accepting PPP applications after providing $798 billion in economic relief to small businesses and nonprofits. Loan recipients still can apply for loan forgiveness, but deadlines may already have passed for some recipients. For more information, click here.
Information about the SBA’s relief efforts can be found at sba.gov/coronavirusrelief.
Original source can be found here.
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