The Small Business Administration (SBA) has reported that they have processed approximately half of the forgiveness applications that they have received. It is important to point out to small businesses that applications for forgiveness of your PPP loans are due very soon, for many prior to the end of July.
Remember, if you meet certain criteria for keeping or rehiring their employees, your PPP loan obligations can be totally waived! This is significant, as the LL Roberts Group assisted dozens and dozens of clients with procuring loans that ranged from a couple of thousand to millions of dollars. It has been reported that more than two million businesses that received PPP loans have not yet applied for forgiveness. So, if you have not yet spoken with your PPP lender, it is important that you do so ASAP!