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Apply for ppp loan forgiveness. In order for small businesses to apply for loan forgiveness, documentation for all payroll periods that overlapped with covered period of the ppp loan, must be provided. The paycheck protection program (“ppp”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the covid.
Here’s how to calculate your maximum ppp loan amount under the sba’s new ifr:
If you have not received your forgiveness application link, please email pppforgiveness@compeer.com. Compeer financial is accepting ppp forgiveness applications for loans originated during 2020*. Get matched with a lender; Take your gross income amount.
