SBA Releases Information & Forms for New PPP Loan Forgiveness Program; KMA to Offer Informational Webinar This Wednesday
Posted January 11, 2021 As part of the federal Economic Aid Act that became law just before the New Year, a new round of Paycheck Protection Program (PPP) loans was established for businesses that can show a 25% reduction in gross receipts between comparable quarters of 2019 and 2020. Provisions of the law, much like the previous PPP program, make these loans forgivable under certain circumstances. Those who previously received a PPP loan may be eligible for a second loan. But less