Paycheck Protection Program - New Criteria for Seasonal Businesses

‚ÄčThe U.S. Treasury has published a new interim final rule authorising temporary changes to the Small Business Administration Paycheck Protection Program (PPP). According to the guidance, "all lenders eligible to originate loans under the PPP [are allowed] to use an alternative criterion for calculating the maximum loan amount for PPP loans issued to seasonal employers." Read more...

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