PPP Loan

Uncertainty‌ ‌Remains‌ ‌for‌ ‌Some‌ ‌PPP‌ ‌Loan‌ ‌Recipients‌

Uncertainty‌ ‌Remains‌ ‌for‌ ‌Some‌ ‌PPP‌ ‌Loan‌ ‌Recipients‌

In May, most businesses that received loans under the federal Paycheck Protection Program were pleased with the cash infusion as they struggled with the loss of revenue from the COVID-19 pandemic but their gratitude was tempered by the lack of clarity on obtaining loan forgiveness, as was proposed under the CARES Act approved by Congress.