Several restrictions on companies that borrow money through the Paycheck Protection Program have been relaxed under legislation approved unanimously in a Senate voice vote and by a 417-1 vote in the House.
Several restrictions on companies that borrow money through the Paycheck Protection Program would be relaxed under a bill approved by the House on May 28 by a 417-1 vote.
The Small Business Administration (SBA) issued new FAQ 47 on the Paycheck Protection Program (PPP) that extends the safe harbor deadline to return PPP loans from May 14 to May 18, 2020.
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