Last night, the Senate approved the changes to the PPP. These changes include:
- PPP period extension to 24 weeks
- PPP forgiveness for payroll over 60%
- PPP loan repayment extension from 2 years to 5 years
These are positive changes that will benefit small business owners.
Link – https://www.journalofaccountancy.com/news/2020/jun/ppp-loan-forgiveness-changes-coming.html
