What Does 2020 loan Mean?
SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on Oct 2, 2020. SBA will go on to method all PPP forgiveness programs in an expeditious method. The blended personal capital and SBA backed money now totals $32 billion, the best while in the background on the SBIC Debenture Syst