Funding is followed with frustration as business owners seek guidance on Paycheck Protection Program loan forgiveness and how to avoid being on the hook for repayment. With a focus on forgiveness, small businesses that received PPP funding are challenged with proving that they’ve met the Small Business Administration’s strict and shifting terms or else face the debt of repayment. Darin Leong returns to the Building Trust in Trying Times webinar series with updates on the terms of the Paycheck Protection Program and the requirements to convert a PPP loan into a fully-forgiven grant.
How to Fill Out the Forgiveness Application: https://www.youtube.com/watch?v=ibZ01OwplyU
PPP Forgiveness Application: https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf