Menendez Introduces Bipartisan Bill to Automatically Forgive Small Business Loans up to $150,000; 85% of U.S. small businesses that took PPP loans would qualify for forgiveness

U.S. Senator Bob Menendez today introduced bipartisan legislation to require that all Paycheck Protection Program (PPP) small business loans of $150,000 or less to be automatically forgiven. According to the Center for Responsible Learning (CRL), over 85% of PPP loans were for amounts of less than $150,000, and on average, these small businesses have 19 […]