PPP Loan Recipient Gets Most Of Forgiveness It Sought In Settlement With SBA

(June 10, 2024, 2:17 PM EDT) -- CHICAGO — A Paycheck Protection Program (PPP) loan recipient and the Small Business Administration (SBA) on June 7 filed a stipulation for compromise settlement and release that provides forgiveness of 90% of the recipient’s loan, for which it had previously been denied forgiveness by the SBA, in exchange for releasing the government from all claims in connection with the loan....

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