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What It Means: President Signs Paycheck Protection Extension

June 15, 2020

President Trump has signed the Paycheck Protection Flexibility Act into law, extending the amount of time Paycheck Protection Program (PPP) loan recipients have to spend their funds from eight weeks to 24 weeks. It also lowers the portion of funds borrowers must spend on payroll costs to 60 percent, down from 75 percent in order […]

Filed Under: CVAR Connect, Government Affairs Tagged With: #CitrusValleyrealtors, #CVARmembers, CARES Act, cvarconnect, NFIB, Paycheck Protection, PPP, Small Business Association, Trump

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