Seasonal Business Owners Take Note: PPP Flexibility Act of 2020 includes significant changes. Webinar June 10 at 11 a.m.
The President just signed into legislation the Paycheck Protection Program Flexibility Act of 2020 (“Act”), which results in significant changes to the Payroll Protection Program (“PPP”). The payroll expenditure requirement under the Act drops from 75% to 60%. One notable change is that 60% of the funds must be used for payroll or the loan is […]