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PPP loan forgiveness: How do the top lenders compare?
Loans are forgivable (they don’t need to be repaid) if a borrower meets certain requirements, such as using at least 60% of the loan for payroll costs. Given the average PPP loan amount is $59,000, forgiveness can be financially significant to a borrower.
See how recipients are spending $150 billion from the coronavirus relief fund.
States, eligible local governments, Tribal governments, the District of Columbia and U.S. Territories who received funding from the $150 billion Coronavirus Relief Fund (CRF) must report on how they are spending the money.