Pace University Paycheck Protection Program (PPP) Loan Forgiveness Help

While the Paycheck Protection Program ended on May 31, 2021, borrowers may be eligible for PPP loan forgiveness. PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement the following conditions were met:
  • Employee and compensation levels were maintained
  • The loan proceeds were spent on payroll costs and other eligible expenses
  • At least 60% of the proceeds were spent on payroll costs

Visit the Lubin School of Business at Pace University's PPP forgiveness page for more information regarding the forgiveness process. If you have questions regarding PPP loan forgiveness or need help to apply, contact the Pace SBDC business advisor team for one-on-one business counseling, all offered at no cost.