Coalition Urges SBA and Congress to Fix PPP Forgiveness Rules Unfairly Penalizing Microbusinesses
CRL and more than 50 community development, civil rights and small business groups, including National Urban League, National Association for Latino Community Asset Builders, UnidosUS and National Coalition for Asian Pacific American Community Development are urging SBA and Congress to fix the Paycheck Protection Program’s current forgiveness rules so that microbusinesses can receive full forgiveness of their PPP loans. Urgent recommendations in the letter include: Eliminate denials of loan forgiveness due to sudden changes in rules that were imposed without advance notice, both for business...