09/02/21
As you know, the Paycheck Protection Program (PPP) offered forgivable, low-interest loans to small businesses facing uncertainty due to the coronavirus (COVID-19), to help businesses retain workers, maintain payroll and cover other existing overhead costs.
Applications for new PPP loans closed in May 2021. If you obtained a PPP loan, here are some helpful tips for applying for Loan Forgiveness. Please check with your finance/accounting group if you are unsure, as ADP® does not maintain records of clients receiving PPP loans.