Borrowers who fail to apply for forgiveness before the 10-month deadline will have to make payments on principal, interest and fees for PPP loans. If the relaxed program rules make a PPP loan more ...

The Senate approved a bill on March 25 extending the deadline for applying for a Paycheck Protection Program loan. The legislation gives business owners until May 31 to apply for the PPP ...

Notices were not sent out for 5,456 PPP loans, which totalled about ... were due and when asking for full payments if a loan ...

As of 2025, loan forgiveness is only available for the SBA’s Paycheck Protection Program (PPP) loans. Other SBA loans, including Economic Injury Disaster Loans (EIDL) and 7(a) loans, do not qualify ...

How to Get a Coronavirus Disaster Loan The SBA's coronavirus ... If you are struggling to find a PPP lender as the Aug. 8 application deadline looms, you're not out of luck. Alternative lenders ...

The U.S. Small Business Administration is extending the physical damage loan deadline for disaster declarations affected by a 2024 federal funding lapse. The new deadline to apply is April 27 ...

After much speculation about legislation to provide automatic PPP loan forgiveness for certain loans, the SBA recently acted on its own to give some relief to some borrowers, since an automatic ...

Some borrowers now have an extended deadline to submit their IDR recertification documents. Edifinancial Services, an official loan servicer for the federal government, is sending notice that some ...

A new risk management tool, and PPP and tax deadline updates Hear or read about the Association ... a Shuttered Venue Operators Grant cannot subsequently receive a PPP loan. Travel restrictions ...

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...

A Connecticut company has paid more than $2 million to resolve False Claims Act allegations connected to a PPP Loan, according to federal authorities. MacDermid Inc., a Waterbury-based company ...