The Optometric Minute

How To Obtain 100% PPP Loan Forgiveness

Dec. 16, 2020

It is possible to attain 100 percent forgiveness on Paycheck Protection Program loans. And doing so puts your practice in a much stronger position than it would be carrying debt. Review of Optometric Business Professional Editor Carole Burns, OD, FCOVD, shares how she accomplished full forgiveness of her practice’s PPP loan.

UPDATE: President Trump signed a bill on December 27, 2020, that repeals the provision requiring PPP borrowers to deduct their EIDL Advance from their PPP loan forgiveness amount.

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