To learn more about the PPP provision of this latest aid package, we spoke with Jay DesMarteau, head of commercial distribution at TD Bank, who has been closely monitoring the stimulus bill and ...

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...

Those loans would be forgiven if certain conditions were met. Lenders like Prosperity Bank who originated PPP loans were entitled to receive a fixed fee from the Small Business Administration (SBA ...