ARA Signs a Coalition Letter to Congress on Small Business PPP Loan Forgiveness
Jul 09 2020
On July 9, ARA signed a coalition letter to the U.S. House Committee on Small Business & Entrepreneurship strongly supporting legislation that would forgive Paycheck Protection Program (PPP) loans of less than $150,000 upon the borrower's completion of a one-page forgiveness document.
Expediting the loan forgiveness process for hard-hit small businesses will save them more than $7 billion and hours of paperwork, according to the letter.