Congress adopted the $600 billion-plus Paycheck Protection Program (PPP) to help American small- to medium-sized businesses (SMBs) stay afloat by using forgiveness loans to keep their workers employed and cover certain overhead expenses while the economy was shut down. But while generally regarded as a...
June 03, 2020
The U.S. Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for small- to medium-sized businesses (SMBs) to use the money from eight weeks to 24 weeks, CNN reported. It also gives business owners more flexibility on how much has to go toward payroll. Prior […]
