Many borrowers counted on forgiveness when they applied for PPP loans earlier this year. The revised program enables more borrowers to achieve maximum forgiveness. However, with the Small Business Administration (SBA) releasing the names of PPP loan recipients over $150,000 and promising to audit all loans over $2 million seeking loan forgiveness — the stakes for non-compliance are high.
Jonny Frank explains why borrowers must act now to be best-positioned for maximum PPP loan forgiveness, and lay out practical steps for success.
