The Payroll Protection Program is back … again!
On June 5th, 2020 a third Payroll Protection Program (PPP) was signed into law. The first PPP ran out of funding after two weeks and the second devoted more money to the program. This third iteration gives employers greater flexibility on how to spend the funds AND how to get those funds forgiven. Here are some key takeaways: Loan Forgiveness Expansion If you wanted the loan forgiven, the original law gave borrowers 8 weeks to spend […]