Hawthorne & Co. CPAs

PPP Processing Delays Continue

PPP Processing Delays Continue

Anti-fraud screenings by the Small Business Administration are delaying processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online town hall. Though the SBA has approved more than $100 billion in loans during the latest round of funding, problems flagged by the PPP processing system are holding up some applications.

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** This information is provided for general educational purposes only. Before taking any action based on this information, we strongly encourage you to consult with a professional accounting advisor about your specific situation.

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