With PPP Loan Changes on Horizon, Small Businesses Told to Wait

Glenn Sandler is betting most of his clients who received pandemic relief loans ultimately won’t have to fill out any federal government forgiveness forms.

Sandler, a CPA in Melbourne, Fla., is telling clients to focus on running their business, pay their staff, and to hold off on applying for forgiveness even if their bankers say they’re ready to accept those applications. That’s because more changes to the Paycheck Protection Program are expected in the coming months that may make it unnecessary for millions of borrowers.

“There’s people that have bigger things to worry about ...