The PPPFA provides two new exceptions for borrowers to qualify for forgiveness even if their workforce isn’t fully restored.
Do you have a tax-related question? You may find the answer here.
Both changes follow small business owners who say they can’t hire back staff while they are closed during the coronavirus pandemic.
Small-Business Loan Process Starts Up Again, 100,000 Applications Processed, But Still a ‘Rocky Start’
The SBA said that unprecedented demand was slowing down its loan-processing platform.
Funding package increases aid to small businesses, hospitals and Covid-19 testing.
The deal may be agreed upon as early as Monday (4.20.2020)