Client said about two weeks ago he was informed by his lender in an email that his PPP loan forgiveness had been approved by the SBA. But then nothing had happened after that. What is even more strange is that two weeks after he was informed of the full forgivenness, the lender's website is still showing the full amount as outstanding loan balance.
He asked me what was supposed to happen after the forgiveness was approved, such as if the promissory note that he had signed would be returned to him, if he would receive an official document from the SBA that his loan had been forgiven, etc. I absolutely have no idea at all.
Does anyone have any idea about the timeline of the sequence of events that will happen after a PPP loan forgiveness has been approved?