The House passed bipartisan legislation thursday to give small businesses more flexibility with the loans they received during the coronavirus pandemic to keep their businesses afloat.

The legislation would extend the forgiveness period from eight to 24 weeks and let businesses spend less of their loan money …

"The legislation extends the time to use the loan from eight weeks to 245 weeks (Did they mean 24 weeks?) and gives businesses more time to pay back loans beyond the initial two-year term. The bill eliminates the cumbersome 75/25 restrictions that said businesses must spend 75 percent of their loans on payroll and only 25 percent on other operating expenses like rent and utilities. The formula …

The paycheck protection program already has provided more than 4.4 million small businesses with an infusion of cash to keep …

28/05/2020  · House Passes Bipartisan Legislation to Give Small Businesses More Flexibility with Forgivable PPP Loans WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today voted for bipartisan legislation to give small businesses and non-profits more time and flexibility to use paycheck protection program (ppp) forgivable loans to pay expenses and make payroll during the coronavirus …

Senate Passes $484 Billion Package to Help Small Businesses, Expand TestingThe legislation would give businesses more time to have the loans forgiven and paid off by the U.S. government.

The House on Thursday passed bipartisan legislation to provide struggling small businesses with more flexibility while using loans provided through the Paycheck Protection Program, in the latest …

The House action comes as Senate Republicans and the Trump administration also back extending the deadline for spending …

28/05/2020  · House Passes Bill To Give Small Businesses More Flexibility In Spending PPP Loans. … Memorial Day without passing a different piece of legislation that would have expanded the PPP…