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PAYCHECK PROTECTION PROGRAM (PPP)

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PAYCHECK PROTECTION PROGRAM (PPP)

For those borrowers who received the 2nd draw of the PPP loans in 2021, you may be approaching the deadline to apply for full forgiveness. The SBA states that if borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred and borrowers will begin making loan payments to their PPP lender.

If you are unsure that your 2nd draw of the PPP loans is fully forgiven, please contact your lender to confirm this or to start the forgiveness process.

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Registered Representatives are registered with and securities offered through Kovack Securities, Inc. Member FINRA/SIPC. 6451N Federal Highway, Suite1201, Ft. Lauderdale, FL 33308 (954-782-4771. Investment Advisory Services offered through Kovack Advisors, Inc. A SEC Registered Investment Advisory Firm. Investment Advisory Services offered by John P. Schwan, Jacob Cramond, and Amanda Decker are offered through Schwan Financial Advisors, LLC a State Registered Investment Advisor. Schwan Financial Group and Schwan Financial Advisors, LLC are not affiliated with Kovack Securities, Inc. or Kovack Advisors, Inc. Investment Adviser Representatives may only conduct business with residents of the states and/or jurisdiction for which they are properly registered. Linked sites are strictly provided as a courtesy. Kovack Securities, Inc. does not guarantee, approve nor endorse the information or products available at the sites, nor do links indicate any association with or endorsement of the linked sites by Kovack Securities, Inc. nor Kovack Advisors, Inc.

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