The US Senate voted unanimously Tuesday to extend the deadline for applying for Paycheck Protect Program (PPP) Loans to August 8. Approximately $130 billion remains unspent under the program. If your congregation has not yet applied for a PPP loan and is eligible, consider doing so now. Please see the right sidebar for more information …
PPP Deadline for Applications Extended to August 8 Read More »
On June 5, the President signed the Paycheck Protection Program Flexibility Act. This legislation makes some important positive changes to the Paycheck Protection Program: It extends the time period to use PPP loan funds and still qualify for loan forgiveness from 8 to 24 weeks. It reduces the amount of PPP loan funds that must …
In a May 13 update of its PPP FAQ (see FAQ 46), the SBA said that all recipients of PPP Loans of less than $2 million will be deemed by the SBA to “have made the required certification concerning the necessity of the loan request in good faith.”