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PPP Loan Forgiveness Period Beginning to Close; Payments May Be Due
Mat Sorensen
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July 16, 2021

PPP Loan Forgiveness Period Beginning to Close; Payments May Be DueFrom my article on Entrepreneur

Small-business owners who obtained a Paycheck Protection Program (PPP) loan in 2020 need to pay close attention to their forgiveness period, as the window of time to avoid  of principal and interest is closing. For example, if you obtained a PPP loan on April 15, 2020, and took the maximum coverage period of 24 weeks, you will have until this August 30 to apply for forgiveness. If you fail to apply for forgiveness in time, you will be responsible for monthly interest and principal loan payments…

Read the article on Entrepreneur here.