PPP Loan Developments: Only $120 Billion Left, Favorable Forgiveness Guidance from SBA and IRS Tax Pitfall Posted byMat Sorensen May 11, 2020 Leave a comment on PPP Loan Developments: Only $120 Billion Left, Favorable Forgiveness Guidance from SBA and IRS Tax Pitfall Round 2 of small-business funding is winding down, and business owners are now facing tough decisions.