KTLA

Burbank business owner says bank won’t fully forgive his PPP loan

A Burbank business owner says he applied for a PPP loan during the pandemic, and was given specific instructions to assure his loan would be forgiven. But now he says Bank of America will only forgive half of the loan amount and is not providing a good explanation for the change.

Kacey Montoya reports for the KTLA 5 News at 10 on May 5, 2021.