Your PPP loan has been forgiven — Now what?

In 2020 and 2021, companies benefited from an unprecedented amount of federal and state support to help them weather the economic impact of the COVID-19 pandemic. The Paycheck Protection Program (PPP) helped nearly 11.5 million companies through the issuance of over $792 billion in forgivable loans, according to the Small Business Administration (SBA). Many PPP borrowers are now breathing a sigh of relief, having received notification from their lender that the SBA has approved their forgiveness…