PPP Act 2? Why small business owners should wait to apply for loan forgiveness

Many small business owners who participated in the federal Paycheck Protection Program might be ready and able to apply to have their loans forgiven soon — but there are good reasons to delay, an expert cautioned.

Mark Schmidt, CEO of the non-bank PPP lender FundEx Solutions Group is predicting there is a “very good chance” Congress will change the rules of the program, potentially making it as simple as a signature to have loans for less than $2 million forgiven.

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