Important Deadline for PPP and EIDL Borrowers
The U.S. Small Business Administration will begin referring defaulted PPP and COVID-EIDL borrowers with loans under $100,000 to the U.S. Treasury Department and the Internal Revenue Service for collection beginning March 4, 2024. If you have not already applied for loan forgiveness or entered into a payment plan, you must act before March 3, 2024. If …