House Hearing on Paycheck Protection Program Loan Forgiveness Process
2020-09-28T12:12:30-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNmEzXC8yMDIwMDkyNTEwMzY1NTAxMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==A House Small Business subcommittee held a hearing on the Paycheck Protection Program’s (PPP) loan forgiveness process. Small business owners testified about their experiences applying for PPP loan forgiveness, explaining the process could be confusing and onerous. They also talked about the challenges their businesses have faced during the coronavirus pandemic, including laying off employees and facing potential closures. A banker, who has been processing PPP loans, also testified, calling for more clarity for lenders and warned that lenders may not be willing to process additional loans because of doubt surrounding future federal PPP funding.
A House Small Business subcommittee held a hearing on the Paycheck Protection Program’s (PPP) loan forgiveness process. Small business owner… read more
A House Small Business subcommittee held a hearing on the Paycheck Protection Program’s (PPP) loan forgiveness process. Small business owners testified about their experiences applying for PPP loan forgiveness, explaining the process could be confusing and onerous. They also talked about the challenges their businesses have faced during the coronavirus pandemic, including laying off employees and facing potential closures. A banker, who has been processing PPP loans, also testified, calling for more clarity for lenders and warned that lenders may not be willing to process additional loans because of doubt surrounding future federal PPP funding. close
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