WFCA explains the impact of the new law on PPP loans in this webinar.
With each day there is new development occurring with the Covid-19 crisis. As our member it is important that we continue bringing you the latest news on how it is impacting your business and what you need to do during this time. In these webinars, we decipher legislation and respond to your frequently asked questions.
Congress recently passed legislation that substantially changed some of the rules regarding PPP loan forgiveness. The new legislation includes needed flexibility on how long the loan can be used to cover payroll costs and covered expenses, and on calculation of the amount of the loan that can be forgiven. The new law also, however, raises some issues that have caused some confusion.