PPP Loan Forgiveness: 5 Important Questions About Applications, Automatic Approvals, and Additional Relief

Julia Glum | Money | Oct 6th, 2020
Category: Education

When the government announced the Paycheck Protection Program earlier this year, it said that pandemic-stricken business owners wouldn’t have to pay back funds if used for certain purposes — namely, payroll costs, interest on rent or mortgages, and utilities.

Now, it’s finally making good on those promises. A Treasury Department spokesperson confirmed to Money that PPP loan forgiveness decisions and payments were set to start rolling out late last week.

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