PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.

The Paycheck Protection Program (PPP) provided much-needed relief to businesses of all sizes in 2020 and 2021. First-draw PPP loans were available for up to $10 million, and second-draw loans for up ...