PPP Loan Forgiveness Has Started, but You May Want to Hold Off on Applying

Over 100,000 small businesses have closed permanently in the course of the ongoing recession, and more risk a similar fate as COVID-19-related restrictions continue to change the way local establishments operate. If you own a small business, you may have gotten a Paycheck Protection Program (PPP) loan earlier on in the pandemic. Many small businesses applied for assistance back in April when it initially became available, and received funding later that month or in May.