Guest Blog: PPP Loan Forgiveness for Restaurants
Restaurant365
JUNE 4, 2020
If signed into law by the President, this Act would, among other changes, extend the 8-week Covered Period to 24 weeks. If signed into law by the President, this Act would, among other changes, allow for up to 40% of the loan amount to be used for non-payroll costs. Headcount reductions are common within the restaurant industry.
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