It’s time to start preparing your documents for the PPP Forgiveness. With more than 96,000 requests for Paycheck Protection Program loan forgiveness already being submitted to the Small Business Administration. THE SBA has announced they will begin approving request in early October.
Small business owners who have been waiting to have their Paycheck Protection Program (PPP) loan forgiven can breathe a sigh of relief, as forgiveness for smaller PPP loans is expected to be processed quickly, and easily. Start collecting your payroll reports, your rent invoices, your health insurance bills, your 941 and your unemployment tax returns. Here is are great resources to calculate your forgiveness as well as other great forms to help you prepare. Watch and learn how to prepare your PPP Loan forgiveness.