other material
confidence high
sentiment positive
materiality 0.65
Perma-Fix receives SBA forgiveness of $5.318M PPP loan plus accrued interest
PERMA FIX ENVIRONMENTAL SERVICES INC
- PNC Bank notified company on July 1, 2021 that entire PPP loan balance of ~$5,318,000 forgiven.
- Accrued interest of approximately $63,000 also forgiven by SBA effective June 15, 2021.
- Loan was originally obtained on April 14, 2020 under the CARES Act.
- Forgiveness will be recognized in Q2 2021 financial statements ending June 30, 2021.