Construction Dive interviewed Partner James Miller for an article about government delays in processing applications for forgiveness of PPP loans.
By Joe Bousquin
“It’s been a hidden secret as to what exactly they’re looking at from a metrics or supporting information perspective,” Miller said. He notes that forgiveness applications among his clients for loans under $2 million have been getting processed within a few weeks. But for the hundreds of clients he has with loans above $2 million, he’s only seen a single application get through the process, which was approved. “I can’t say that ratio is true for everybody, but it’s taking a long time,” Miller said.
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