Don’T Fix The Paycheck Protection Program, Replace It

paycheck protection program

To be eligible for full mortgage forgiveness, you should use a minimum of 60% of PPP funds to cowl qualifying payroll prices and the remainder could also be used for qualifying non-payroll costs. If you do not use PPP for these purposes, your PPP mortgage is not going to be forgiven and you will be required to pay again the mortgage. Businesses have as much as 24 weeks from the date you obtained the mortgage to spend the funds and be eligible for mortgage forgiveness...

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