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PPP Forgiveness

Updated: Jan 18, 2021

Many practices received PPP loans. Here's a great article from Forbes to help with PPP Forgiveness strategies.


The Paycheck Protection Program (PPP) was a huge component of the CARES stimulus package aimed at helping smaller businesses and non-profits stay afloat in the beginning of the pandemic. The program was fraught with administrative changes and nuances, but nonetheless 5.2 million loans were granted for a total of about $525 Billion dollars. The PPP was intended to provide support for payroll and the SBA reported that the PPP positively impacted 51 million jobs. A big question is: When do I apply for forgiveness? Now, like my bank wants me to, or later?


https://www.forbes.com/sites/leonlabrecque/2020/11/27/ppp-forgiveness-apply-now-or-wait/?sh=3d13d62d5d6b

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