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.
Julia Glum | Money