PPP Plan Update
June 4, 2020
Congress has just passed the Paycheck Program Flexibility Act of 2020. This new Act eases some restrictions onĀ PPP loan funds: Specifically, the timeline has been extended from eight to twenty four weeks. The portion of the loan that must be used on payroll has been reduced to 60% from 75%. The unforgiven portion of the loan has been extended from...
Tags: PPP Update
Category: Business