by on August 18, 2021
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At least 75 % of the loan will have to be employed to cover payroll costs in order for the entirety of it to be forgiven. Both the SBA and banks ought to be in a position to begin taking new PPP and EIDL applications in the coming days, in the wake of Congress’s approval of these new funds. Corporations that have already applied do not need to apply once again and are currently in the queue.

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