President Donald Trump has signed into law a bill that gives employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness. Current PPP borrowers can choose to extend the eight-week period to 24 weeks, or they can keep the original eight-week period. New PPP borrowers will have a 24-week coveredContinue reading “President Trump Signs Bill Easing PPP Requirements”
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Loan Forgiveness with Paycheck Protection Program Loans
For those who secured Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, the conversation is now focused on two things: How to calculate and determine loan forgiveness scenarios Loan necessity In general, some or all of the loan granted under the program may be forgiven if used on allowable expenses over the eight-week periodContinue reading “Loan Forgiveness with Paycheck Protection Program Loans”
