A peer-reviewed journal that offers evidence-based clinical information and continuing education for dentists.

Bill Proposed to Ease Restrictions on Paycheck Protection Loans


Legislation to reduce some requirements that small businesses must meet in order to have their Paycheck Protection Program (PPP) loans forgiven passed the House on May 28. The legislation lengthens the amount of time small businesses have to use the funding from 8 to 24 weeks. The requirement that 75% of the loan must be used for payroll has also been reduced to 60%. For those companies that must repay their PPP loans, the length of time to pay it back has been lengthened from 2 to 5 years. The bill now resides in the Senate with a potential vote coming this week. Read more here.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy