Legislation:
PPP Borrowers Narrowly Avoid Forgiveness Cliff
Published on Fri Jun 12, 2020
Legality of the change is still fuzzy, but providers will take it. The feds might not be quite following the letter of the law when it comes to one added flexibility for Paycheck Protection Program loan forgiveness, but the change is still very welcome. One of the requirements to qualify for forgiveness has been that businesses must spend 75 percent [...]