PPP Loan Forgiveness Requirements for Small Businesses

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The Paycheck Protection Program (PPP) provides forgivable loans that have helped millions of businesses survive the economic fallout caused by the COVID-19 pandemic. For many small businesses owners, the PPP program has provided a financial life vest. However, several highly publicized instances in which companies (or unscrupulous individuals) have been asked to return PPP funds may have many small business owners concerned. So, what exactly are the requirements for having a PPP loan forgiven?