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Why was it forgiven?
by niceice 2y ago
Why was it forgiven?
- xtiansimon 2y agoDon’t know about the OPs case, but forgiveness was based on meeting the requirements of the program: 60% of the loan to employees and 40% to approved employer expenses (business overhead such as rent and electricity). I assisted with the submission of PPP forgiveness for 4 restaurants.
- paulddraper 2y agoWhen the program was launched, there were ways of exempting from repayment, like not doing lay offs.