The Bronx Chamber of Commerce reminds all thatIf you received a PPP you are required to apply for forgiveness. There is a 5-minute application that has to be completed in order to have this money completely forgiven, otherwise it becomes a loan in which the SBA and IRS will require to be repaid. We urge everyone who received a PPP loan to apply for forgiveness to avoid having to repay whatever money they received. For more information, go to: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness
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