Reminders: PPP Loan Program and Employee Retention Credit (ERC)
Reminders: PPP Loan Program and Employee Retention Credit (ERC)
Although the PPP loan program ended May 31, 2021, there are many loans that have not gone through the forgiveness process. A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan, even if repayment has begun.