New law easing terms of popular small business loan program tied to shutdowns

  • By cvbizz
  • June 5, 2020
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On Friday, President Donald Trump signed new legislation easing some of the policies surrounding the Paycheck Protection Program under the federal coronavirus relief bill. The Paycheck Protection Program Flexibility Act made adjustments to the current Paycheck Protection Program, specifically in five main areas. The PPP funds required business owners to use 75% of the funds received on payroll, but the new PPPFA only requires 60%

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