1. PPP Loan Forgiveness Help Center
  2. Forgiveness Application Questions

Is interest on unsecured credit eligible for loan forgiveness?

No. Interest on unsecured credit is not eligible for loan forgiveness because the loan is not secured by real or personal property. Although interest on unsecured credit incurred before February 15, 2020 is a permissible use of PPP loan proceeds, this expense is not eligible for forgiveness.