Who Gets PPP Forgiveness? & Other Changes You Need to Know.
Although the CARES Act Payroll Protection Program’s (PPP) loan application period closed last August, we have clients who received funding and now need to plan for loan forgiveness. The rules changed since the program began. On June 5, 2020, the Flexibility Act was signed into law amending the CARES Act, changing PPP loan terms and loan forgiveness. Here’s what you need to know... Good Intentions Because the PPP loan was designed to provide incentives for small businesses to