The PPP Flexibility Act: New Forgiveness Guidelines & What This Means for You
- The revised Borrower Application
- The implications of the 8-week extension (now 24 weeks with an extended the rehiring deadline) and well as the program extension (now available through December 31)
- The changes to the percentage of forgivable funds (now 40% of the total loan amount) that can be used for nonpayroll expenses such as rent, utilities, mortgage interest, etc.
- The revised loan terms (now 5 years) and who may qualify
The Clatsop SBDC is committed to offering COVID-19-related webcasts to our small business community at no cost. This is made possible by the generous support of Wauna Credit Union. Thank you, Wauna.