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.