How Treasury Just Tweaked PPP Loan Forgiveness
Posted 05/27/2020

The latest guideline refinements offer more clarity -- but will still leave some business owners guessing

BY KIMBERLY WEISUL, EDITOR-AT-LARGE, INC.COM@WEISUL

The defining characteristics of paycheck protection loans, created by the CARES Act, are also the most vexing. A paycheck protection loan can be forgiven if business owners use at least 75 percent of the proceeds for payroll, and the remainder for rent, utilities, or mortgage interest on their place of business. But until recently, it's been unclear exactly how those amounts should be calculated.

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Newcomer Guide
Chamber Directory & Map
These premier Chamber publications are widely distributed throughout Nacogdoches County and beyond!
© Copyright 2005-2020 Nacogdoches County Chamber of Commerce. All rights reserved.
2516 North St., Nacogdoches, Texas 75965 • (936) 560-5533
Unless otherwise noted, no part of this website may be reproduced without written permission.