Updated Paycheck Protection Program FAQs
Zenefits
JUNE 16, 2020
Beginning with allocation of funds received, the PPPFA decreases the percentage of loan funds that must be allocated to payroll only. PPP required employers to spend 75% of their loans on payroll. The PPPFA lowers that amount to 60% of the total loan required for payroll. How much time do I have to spend the loan funds?
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