Got a PPP Loan? Here’s Why You Won’t Be Eligible for Full Forgiveness

If you received assistance during the COVID-19 pandemic outside of a PPP loan, you may in for an unpleasant surprise.

The concept of financial assistance for small businesses is nothing new, but during the COVID-19 crisis, the need for aid has been much greater than usual. With the economy stuck in a recession and pandemic-related closures hurting local establishments left and right, it was clear to lawmakers that small businesses would need a substantial amount of help to make it through 2020 without running the risk of having to close permanently.

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