Key changes in just-passed PPP loan bill give small businesses 24 weeks to use funds
Posted 06/08/2020

From Texas Association of Business

Small businesses will likely now have more flexibility to use Paycheck Protection Program loans after the Senate unanimously approved a House bill to amend rules of the program late Wednesday. The bill now goes to President Trump to be signed into law.

Once signed into law, PPP borrowers will have the period where their expenses count towards loan forgiveness extended from 8 to 24 weeks, will have greater flexibility in bringing employees back on the payroll, and will be able to count more of their overhead expenses towards loan forgiveness. Read the full article here.

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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.