Tag Archive: PPP Update

PPP Plan Update

Written by 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...

Read More...

Tags:

Category: