Delays Causing PPP Application Issues

Credit: AZ Big Media

Budget, Policy & Stimulus News

Delays Causing PPP Application Issues

Gusto, a payroll and benefits provider, reports more than half of small business owners in a survey of 1,093 firms, have not yet received their expected Paycheck Protection Program loan forgiveness from the Small Business Administration. 13.4 percent of respondents said they needed a second loan but have not applied because they are afraid their initial loans may not be forgiven. Businesses that are eligible and have applied for a second loan, roughly a third have not received a response to their applications. (Source)

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