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Economic Injury Loans Lower PPP Forgiveness

Monday, Aug 17 2020
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Economic Injury Loans Lower PPP Forgiveness "My parents recently celebrated their 24th wedding anniversary. Soon after this photo, it was confirmed that my mother had cancer. The love that my parents have for each other is so entirely strong."

Small businesses that received an Economic Injury Disaster loan may receive less forgiveness for their Paycheck Protection loans, reports CNBC.

Entrepreneurs who received up to $10,000 in federal grants and took a forgivable Paycheck Protection Program loan as well are in for a surprise: They won’t be getting the full loan forgiveness they had hoped for.

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