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PPP loans have go be used for employee retention. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program#section-hea
by victor106 6y ago
PPP loans have go be used for employee retention.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program#section-header-5 https://www.sba.gov/funding-programs/loans/coronavirus-relie...
"Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease."