Payroll Protection Updates
Payroll Protection Program Updates
Late last week, rulemaking on the loan forgiveness provisions were released. Initial businesses that received the Paycheck Protection Program funding can soon apply for loan forgiveness and the loan forgiveness application is now live. Also, check out the U.S. Chamber’s PPP Guide to Forgiveness by clicking here. The latest data shows that the U.S. Small Business Administration approved 336,539 PPP loans in Florida, totaling $30.4 billion in approved funding for Florida businesses. There is roughly $100 billion remaining in PPP loans available. For more information about the PPP program, click here.
