PPP will likely receive some needed tweaks
The much needed Payroll Protection Program (PPP) will likely be receiving much needed adjustments after a 417-1 vote in the House to do so yesterday. The legislation is expect to pass through the Senate in similar fashion. The main tweak to the loan program is to allow small businesses 24 weeks instead of 8 weeks […]
Potential changes and extensions to the PPP
On Friday afternoon, Senators Marco Rubio (R-FL), Ben Cardin (D-MD), Susan Collins (R-ME) and Jeanne Shaheen (D-NH) agreed on legislation that would make changes to the PPP. Their bill would: Extend the deadline to apply for a PPP loan from June 30, 2020, to December 31, 2020; Allow borrowers 16 weeks to use their loan […]
