Wisconsin Department of Administration (DOA) Secretary Kathy Blumenfeld today joined Department of Revenue (DOR) Secretary Peter Barca and Wisconsin Economic Development Corporation (WEDC) Secretary and CEO Missy Hughes to urge Wisconsinites who still need their federal Paycheck Protection Program (PPP) loans forgiven to apply by the March 3 deadline.
The U.S. Small Business Administration (SBA) had previously announced the “goodwill exception period” allowing PPP borrowers with loans under $100,000 to apply for forgiveness through March 3 and avoid a referral for collection by U.S. Treasury. Blumenfeld, Barca, and Hughes today underscored that eligible borrowers should pursue forgiveness before the application window closes.
“PPP loans helped thousands of Wisconsin small businesses stay afloat during the pandemic, and many of these loans were forgiven,” Blumenfeld said. “That is why I strongly encourage anyone who still needs their loan forgiven to apply before time runs out.”
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