Acme United Does NOT Have to Pay $3.5 Million PPP Loan Back

Acme United (US: ACU – $43.61) received very good news from the Small Business Administration (SBA), as the U.S. government agency confirmed that it forgave the $3.508,047 Paycheck Protection Program (PPP) loan that Acme received last year. Moreover, ordinarily, loan forgiveness is considered a taxable income, but forgiveness of a PPP loan is not considered a taxable income. Consequently, the […]

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