Paycheck Protection Program: Loan Forgiveness
Note: This was recorded prior to the passage of the PPP Flexibility Act on June 5, 2020, which modified certain provisions related to the forgiveness of loans under the Paycheck Protection Program. To learn more, visit our Paycheck Protection Program resource.
One of the most compelling aspects of the new Paycheck Protection Program is that up to 100% of the loans provided to business owners through the program can be forgiven—so long as you meet certain criteria.
Watch this on-demand webinar with Paychex experts Thad Inge, Sr. Manager of Government Relations; Becky Wagner, Sr. Compliance Analyst; and Connor Mykins, Compliance Analyst, as they discuss how to maximize your PPP loan forgiveness. Thad, Becky and Connor will detail the requirements for loan forgiveness; how businesses can maintain eligibility during the eight weeks following the close of their loan; what happens to any portion of the loan that may be unforgiven; and more.