After more than a year of the Paycheck Protection Program (PPP), the forgivable loan program--which just last week exhausted its general fund--is finally on its way out, but its lessons will live on for America's small businesses. 

If you applied for a PPP loan--particularly early on in the program's history--you probably know that having a sturdy banking relationship proved vital for landing a forgivable loan. While the program has helped more than eight million U.S. small businesses access more than $780 billion in funding since last April, plenty of companies were rejected for seemingly basic things like failing to maintain up-to-date financial records. 

But rest assured, they won't make that mistake twice. Business owners really internalized their PPP experience, said Steve Dow, and CEO and co-founder of Monit, a QuickBooks companion. "Some of the things business owners learned are really just good hygiene going forward," he said. And that, he added, should serve them going forward--particularly in a future crisis.

Please select this link to read the complete article from Inc.