Small businesses still face $28 billion of unforgiven PPP loans
Small businesses still face $28 billion of unforgiven PPP loans
By Amy Yee and Andre Tartar | Bloomberg
Almost 350,000 loans made to small businesses in 2020 during the Covid-19 pandemic haven’t been forgiven, according to a Bloomberg News analysis of Paycheck Protection Program data, and most of them are for less than $25,000.
That lingering debt — about $28 billion, the analysis shows — is creating a burden for the smallest businesses, including many run…