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Paycheck Protection Program (PPP) Forgiveness Possibilities

While the 2nd round of Paycheck Protection Program Loans are underway, you may qualify for forgiveness of your PPP loan should you meet the qualifications set forward. Does your business qualify for forgiveness under the new Payment Protection Program (PPP) Updates? Find out if you could qualify for the Paycheck Protection Program Loan forgiveness.

Some items that may help qualify your business for forgiveness are:

  • Operation Dates
  • Payroll Costs
  • Mortgage Interest
  • Rent
  • Utilities

LibertySBF has put together information and FAQ to help you decide if a PPP Loan is the right fit for your business needs. Did you know you wouldn’t be responsible for paying the PPP loan back for 6 months?

We hope that the information in this article will help you through the decision of whether a PPP Loan is right for you and your business. If you are still considering whether you should apply for a Paycheck Protection Program (PPP) Loan, your time is limited to apply. Review the following article to find out if you may qualify or what you need to qualify.

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