For small business loan program, forgiveness may be the hardest part [Reuters (UK)]
Toronto Dominion Bank (The) (TD)
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Source: Reuters
For small business loan program, forgiveness may be the hardest part - Reuters 4 Min Read WASHINGTON (Reuters) - The U.S. government’s $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans. The second round of the Small Business Administration’s Paycheck Protection Program launched on Monday, allowing lenders to issue forgivable, government-guaranteed loans to small businesses shuttered by the novel coronavirus outbreak. Smoothing the forgiveness process is critical for the program to succeed, but a lack of government guidance on the related calculations and necessary documentation could land borrowers and banks alike with billions in unexpected debts. “Probably every PPP borrower expects their loan to be forgiven, but it is not that simple,” said Paul Merski, an executive at the Independent Community Bankers o
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- The Toronto-Dominion Bank (TD:CA) Q4 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
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- 12/4/25 - Beat
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Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- TD's page on the SEC website