Guide to understanding the Revenue Reduction Score for Second Draw PPP Loans
Now that the Paycheck Protection Program’s (PPP) loan forgiveness is underway, the U.S. Small Business Administration is making changes to its forgiveness process to help streamline the review of revenue reduction documentation.
While small businesses await further guidance from the agency, here are some key things to keep in mind as you navigate the PPP loan forgiveness process.
Revenue Reduction Score (RRS): What is it?