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PPP Loan Forgiveness, What You Need To Know

In the wake of COVID-19, the government has been making lots of efforts in helping small business owners get back on their feet. Most recently, on June 17th, in consultation with the Department of the Treasury, the Small Business Administration (SBA) released a revised forgiveness application for the Paycheck Protection Program (PPP). It was designed in response to the PPP Flexibility Act of 2020, which was made into law by the President on June 5th.

PPL Loan and PPL Loan Forgiveness

Does your small business need help financially, but you haven't applied for the PPP? On July 4th, the President signed a new law extending the deadline for the PPP loan application from June 30th to August 8th. Visit the SBA website to check if you're eligible to apply for the loan.

If you are trying to apply for the PPL loan forgiveness and having a hard time trying to navigate the process, you are not alone. According to Robin Saks Frankel from Forbes.com, you can take advantage of the new PPP forgiveness platform at PPPForgivenessTool.com. For more information on the tool and how your business can utilize it, read Frankel's article to learn more. In case you have additional information on the application, our staff at First Liberty will be more than happy to assist you.

Need Help with a Business Loan Solution? We Are Here for You!

At First Liberty, we understand that these past few months have been challenging for small business owners across the country, especially with navigating the CARES Act and updates on the PPL loans. With more than 25 years of service, we have the knowledge and experience to guide you to alternative business loan solutions that may fit you better.

Have questions? Contact us today at 770-253-4300 or by filling out the contact form on our website.