The Small Business Administration will not make exceptions to its Paycheck Protection Program loan forgiveness rules for businesses that made honest mistakes on their applications.
left many business owners on the hook for errors they or their lender made when applying for PPP loans The SBA had previously estimated there were 304,384 PPP loans with excess loan amount errors of $3.775 billion, for an average excess loan amount error of $12,403. But those business owners will not see relief under the current rules.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBA PPP loan forgiveness update for 'good faith' errors - Jacksonville Business JournalOutside groups lobbied the SBA for months in 2022 on behalf of what they said were 300,000 business owners that may have been impacted.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
SBA reauthorization high on small business priority list - Jacksonville Business JournalBusiness owners are generally optimistic about 2023, despite hiring challenges.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
SBA PPP loan forgiveness update for 'good faith' errors - San Francisco Business TimesOutside groups lobbied the SBA for months in 2022 on behalf of what they said were 300,000 business owners that may have been impacted.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Jacksonville Airport construction - Jacksonville Business JournalJacksonville International has many changes in store to make travel more efficient for every passenger. See where all of the major projects stand today.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Expansion Jacksonville soccer team selects former JU coach for leadership position - Jacksonville Business JournalMauricio Ruiz joined the organization in a business development role where he will also 'advise and support' operations.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Seven Pines in Jacksonville honored as one of top master-planned communities - Jacksonville Business JournalThe community received several awards at The Nationals, the home building industry’s national awards competition presented by the National Association of Home Builders.
Source: JaxBizJournal - 🏆 599. / 51 Read more »