What small business owners need to know about PPP loan forgiveness

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By Andy Medici | Cleveland Business Journal

The Small Business Administration’s Paycheck Protection Program was as massive as it was popular, dispensing a total of 11.8 million forgivable loans for nearly $800 billion across 2020 and in early 2021. But, as those loans start to come due, small businesses need to stay abreast of the most recent developments and rules to make sure they maximize every dollar, particularly when it comes to PPP loan forgiveness or the interplay with potentially lucrative employee retention credits.

Here is a look at some of the most recent developments in the PPP forgiveness arena and what small businesses need to know to meet deadlines and secure forgiveness from these SBA loans.

Read the full story on cleveland.com’s sister site, Cleveland Business Journal.

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