PPP Loan Forgiveness – Time to Start Gathering Information!

PPP Loan Forgiveness – Time to Start Gathering Information!

I have prepared a detailed Memo about  PPP Loan Forgiveness Information. It is crucial to start gathering the necessary information. Most Banks are waiting on final action by Congress (it could be next week) and the SBA to issue final regulations. I believe the SBA will have automatic forgiveness of PPP Loans less than $150,000. This should be approved by Congress soon because the SBA does not have the staff to handle the small loan forgiveness applications.

 

Ron Cappuccio

September 8, 2020

 

Here is my memo:

RJC PPP Forgiveness Form

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