June 1, 2021 by SmartBiz Team. If you’ve secured a first or applied for a second SBA Paycheck Protection Program (PPP) loan in 2021, it’s important to keep track of the use of proceeds so you can apply for PPP loan forgiveness. However, that’s not the end of your required documentation if seeking loan forgiveness.How to apply for PPP with smartbiz loans?
Start a PPP application with SmartBiz Loans here. The SmartBiz® Small Business Blog and other related communications from SmartBiz Loans® are intended to provide general information on relevant topics for managing small businesses.How does a PPP loan forgiveness application work?
Applications for loan forgiveness are processed by your lender. You need to fill out a PPP loan forgiveness application form and submit that to your lender. After you submit your application for forgiveness, your lender is required by law to provide you with a response within 60 daysWhen to apply for paycheck protection program forgiveness?
The official Paycheck Protection Program forgiveness application form originally release on May 15, 2020 has been updated. This is the form small businesses who received a PPP loan will submit to their PPP lender when it’s time to have their loan partially or entirely forgiven. Here are answers to questions about this application to date.