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Applying for PPP Forgiveness
•General Rules Around Loan Forgiveness ... • Borrowers who have already received PPP loans retain the option to use an eight-week covered period. 2. Lowers the requirement that 75 percent of a borrower’sloan proceeds must be used/spent for ... 2020 and pay the balance deferred 50% on December 31, 2021 and 50% on December 31, 2022. PPP ...
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