“The changes contained within the PPPFA should provide more flexibility to businesses to fully utilize their PPP funds which will increase the likelihood of the PPP loan being forgiven.”
Treasury has published its “final” rules regarding PPP loan forgiveness. I put “final” in quotes, because Congress is currently debating possible rules changes (e.g., eliminating the 75/25 rule and extending the covered period beyond 8 weeks). I wouldn’t, however,...
This is one of the most confusing programs ever introduced by the Federal Government and guidance remains “sketchy”. This link reflects the Treasury Department’s interpretation of the bill.
It’s a good question. And with the SBA PPP deadline looming, we sought out an expert to answer it.
The government had promised to issue more guidance for Paycheck Protection loans by April 26. Borrowers are still waiting.
