Hawthorne & Co. CPAs

PPP Recipients Can Apply Early for Loan Forgiveness

PPP Recipients Can Apply Early for Loan Forgiveness, SBA Says

An interim final rule from the Small Business Administration says businesses and other recipients of Paycheck Protection Program funding can apply for loan forgiveness before the end of the period during which PPP funds must be spent for forgiveness calculations. Applying early, however, might come with a price.

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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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