Paycheck Protection Program (PPP) loans are an important topic for many business owners who may want to roll out the PPP loan forgiveness application as soon as possible, but experts say that borrowers should not rush to apply for PPP forgiveness. Currently, the only deadline is ten months after the end of the loans covered period, and there are still many uncertainties revolving around PPP forgiveness. As of right now, it is best to be patient and wait for all the information possible in order to receive the maximum loan forgiveness.
To learn more about PPP loan forgiveness, please check out these articles:
PPP Forgiveness: No need to rush, and other tips
5 reasons borrowers shouldn’t rush their PPP forgiveness applications
Submitted by: Emily White
Sources: Journal of Accountancy and American Institute of Certified Public Accountants