If you received either a PPP loan or funds from the Ready for Business program, then you will want to be aware of the forgiveness and eligibility terms. Read more below.
- Forgiveness for the PPP Loan can be applied for before the loan matures. This is either a 2- or 5-year period, depending on when it was granted.
- The Ready for Business funds must be spent before December 31, 2020 on eligible costs.