PPP Loan Forgiveness Update
Paycheck Protection Program loans may be forgiven in full depending on use of funds and eligibility. The loan may be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities during the covered period following the funding of the loan. Please note at least 60% of the forgiven amount must have been used for payroll. We have put together a list of resources to help Liberty’s PPP borrowers get more information about loan forgiveness.
by Alex Prombaum, President
by Varan Rakhra, Director, Sales
by Lon Cohen, Director, Marketing