Paycheck Protection Plan Extended
The federal government has extended the Paycheck Protection Program (PPP) until August 8, 2020, and is now accepting applications once again. As a reminder, these loans carry a five year maturity if provided after June 5, 2020. Payments may be deferred for six months. Loans are forgivable provided the funds are used for payroll costs, interest on mortgages, rent, and utilities.
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