The Treasury Department and Small Business Administration are preparing to release much-anticipated forgiveness guidelines for borrowers who were able to secure a Paycheck Protection Program loan -- a crucial road map for those who hope to have their federally-backed loan turn into a grant -- according
to Senate Small Business Committee Chairman Marco Rubio and his Democratic counterpart, Ben Cardin of Maryland.
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Naomi Pomeroy, the owner of Portland-based Beast and Expatriate, said she received a PPP loan and was told by her banker to expect forgiveness guidance soon. That was near the end of April. Some desperate business owners have not applied out of fear, even though PPP still has federal funds available.
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