Paycheck Protection Program: Understanding loan forgiveness

June 23, 2020

To better understand how loan forgiveness works, Medical Economics spoke with Mark Schmidt, CEO of Fund-Ex Solutions Group, a lender that has issued more than $175 million in PPP loans to small businesses.

When COVID-19 caused economic hardship across the country, Congress passed the Paycheck Protection Program (PPP) to aid businesses struggling to pay employees and keep their businesses open.

The program was intended to help businesses survive and to keep people employed, but learning about the ways in which businesses could use the loan funds was sometimes unclear.

To better understand how loan forgiveness works, Medical Economics’ editorial team sat down with Mark Schmidt, CEO of Fund-Ex Solutions Group, a lender that has issued more than $175 million in PPP loans to small businesses.

To find out what Schmid says practice leaders should know in order to maximize their forgiveness rate and more, read the full article here.