PPP forgiveness – what you need to know right now – October 7th, 2020
Almost all small business owners who received a PPP loan are considering the same questions right now: when and how do we apply for forgiveness?
With the second stimulus package being discussed for months now, it's no surprise that many parties have been waiting to hear "what's next" regarding PPP guidance.
Forgiveness has been delayed by both the SBA and the banks for many reasons. Now the SBA is being pressured to begin forgiveness processing, and the banks are opening up their portals for applications.
Only 2% of all borrowers have submitted forgiveness applications to the SBA.
Is blanket forgiveness still something we should wait for?
Find Small Business PPP Resources here: http://learn.claracfo.com/
To book a time to talk about your PPP Loan go here: https://claracfo.as.me/claritysessions
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Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.