Small Business Administration – totaling $342.three billion as of Thursday – went to corporations in all 50 states, the District of Columbia and 5 U.S. territories, and had been spread throughout all 20 of the principle trade sectors. More than 25% of the total pot went to fewer than 2% of the companies that received […] Read More

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...

Read More