How to record PPP loan income and expenses

The Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA), earmarks funds for potentially forgivable loans to support small businesses. The funds, or loans, bear interest at 1% and are provided to eligible small businesses through SBA-approved lenders, which allows them to grow or overcome the problems they might face.ίw a small business [ŝ The post How to Record PPP Loan Income and Expenses first appeared on Complete Controller.