Confusion muddles PPP loan forgiveness processes 

https://bankinnovation.net/allposts/biz-lines/lending/confusion-muddles-ppp-loan-forgiveness-processes/
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Banks scrambling to process Paycheck Protection Program loans will soon have to parse borrowers’ spending data to determine whether those loans will become grants. This is a stipulation for small businesses using the funds for approved purposes, such as payroll and rent.   “We don’t have guidance from the [Small Business Administration] at this time on …Read More

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https://bankinnovation.net/allposts/biz-lines/lending/confusion-muddles-ppp-loan-forgiveness-processes/