The intention behind the PPP was to help small businesses with payroll, rent, utilities, and other permissible expenses. Forgiveness for loans under $150,000 was streamlined to a single page form, Form 3508S, and was supposed to be a slam-dunk. However, a few recipients of very small loans are finding that their loans will not be entirely forgiven and they will have to repay some of the money they received. Some people are being told by their bank or the SBA or both that a closer examination of their loan application documents indicates that they received a higher loan amount than they should have, and will have to repay the difference. For example, a personal trainer who received $5,000 with the assistance of his banker has been told that his correct maximum loan amount should have been only $917, so he will have to repay the difference.

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