Some of our members have signed up for the “Paycheck Protection Program” by which the federal government provides money to businesses to restore employee and payroll levels that had been reduced due to COVID-19.
Since then, new “clean-up” legislation has been passed and signed, and positive changes have been made — crucially in the area of “flexibility.”
KEY: A deadline of 8 weeks or June 30, 2020, whichever comes first has been EXTENDED to a deadline of 24 weeks or December 31, 2020 — to restore their employee and payroll levels. Other changes can be found in the two links below: