COVID-19 EIDL is not forgivable.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans. There are a variety of challenges involved with widespread forgiveness.
Point-to-Point Protocol (PPP) refers to a suite of computer communication protocols that provide a standard way to transport multiprotocol data over point-to-point links.
3508EZ: Borrowers who are self-employed with no employees OR borrowers who did not reduce employee salaries by more than 25% and did not reduce employee hours OR borrowers who reduced business activity due to COVID-19 health guidelines and did not reduce employee salaries by more than 25%
Ppp ("triple piano"), standing for pianississimo or piano pianissimo and meaning "very very quiet". fff ("triple forte"), standing for fortississimo or forte fortissimo and meaning "very very loud".
PPP is a paradigm or model used to describe typical stages of a presentation of new language. It means presentation, production and practice. The practice stage aims to provide opportunities for learners to use the target structure.
There is no provision for forgiveness on these loans, nor should anyone expect that there will be. The EIDL is a decades-old program, and if they forgive loans for this particular disaster, then borrowers for every other EIDL program are going to expect forgiveness on their loans as well. It's not happening.
As of January 2025, there are no plans to forgive outstanding SBA EIDL loans.