The Business Journals

PPP loan forgiveness process could drag out for 'six to eight years'

Of the 5.2 million PPP loans made in 2020, about 2.9 million have been forgiven, according to the SBA. But, for some borrowers, experts say the road could drag out for years. Fallout from the Small ...
JournalofAccountancy

SBA streamlines forgiveness process for most PPP loans

The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection ...
MassLive

SBA’s PPP forgiveness process is about to get much easier for larger loans

This article first appeared on the Business Journals’ website. The Small Business Administration has told the Associated General Contractors of America that it intends to withdraw the use of a ...
JournalofAccountancy

SBA details process to appeal partial PPP loan forgiveness decisions

Paycheck Protection Program (PPP) borrowers that received only partial loan forgiveness from their lenders have a new process for appealing the lender’s decision to the U.S. Small Business ...
Newsday

SBA debuts quicker PPP forgiveness process but many banks aren't participating

The federal government will forgive Paycheck Protection Program loans directly starting next month, though some borrowers may not be eligible because their lender hasn’t agreed to the new online ...
JD Supra

PPP Appeal Process Overview

In 2022, there will inevitably be an uptick in the number of appeals of Small Business Administration (SBA) loan decisions in the Paycheck Protection Program (PPP) context. This is due simply to the ...
Entrepreneur

So You Want Your PPP Loan Forgiven? Make Sure You Submit This Application

Opinions expressed by Entrepreneur contributors are their own. The Paycheck Protection Program (PPP) — the U.S. government’s lifeline for small businesses during the Covid-19 pandemic — sent out a ...
Black Enterprise

SBA Aims To Make PPP Loan Forgiveness Process Easier For Millions Of Borrowers

Scores of small businesses will soon undergo a less difficult loan forgiveness application process after receiving Paycheck Protection Program funds to help them stay open during the COVID-19 pandemic ...
JD Supra

What to Know About PPP Appeals and Next Steps - After the Economic Aid Act: An Updated Guide to the PPP Loan Forgiveness Review and Appeals Process, ‎Part 4‎ - Update

Update: On September 16, 2021, the Final Rule on Borrower Appeals of Final SBA Loan Review Decisions was posted and became effective on September 14, 2021 (the “Final Rule”). The Final Rule applies to ...
Business Insider

Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.

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Cleveland.com

SBA’s PPP forgiveness process is about to get much easier for larger loans

The Small Business Administration has told the Associated General Contractors of America that it intends to withdraw the use of a controversial Paycheck Protection Program loan questionnaire that ...