Buncombe County businesses are still eligible for PPP loan forgiveness

ASHEVILLE – Some Buncombe County businesses are missing out on receiving their federal Paycheck Protection Program, or PPP, loan forgiveness from the federal government.

More than 400 businesses in the county have yet to file for loan forgiveness, according to the online dashboard of the program, which is about $16 million that local businesses do not need to pay back. Applying for loan forgiveness is quick and easy, Buncombe County announced January 18, and many will be able to apply directly on the US Small Business Administration website.

“Many of these businesses are very small and often women-owned, Black or small businesses,” Buncombe County Economic Development and Government Relations Director Tim Love told the Citizen Times Jan. 18.

The application may not require large amounts of data. According to the announcement, the only documents that need to be submitted include bank statements, tax documents and business values.

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