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Loan Forgiveness Rules Make Companies Unhappy

According to Politico, the recently released rules for how the paycheck protection program loans can be forgiven aren’t what businesses were expecting. 

The Trump administration released long-awaited rules on how government-backed small business loans can be forgiven, but they fall far short of what employers and lawmakers are demanding for the popular program.

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Small Businesses Make Changes to Reopen

Small businesses considered what changes they need to make to reopen safely, reports USA Today.

As small business owners throughout the nation look to reopen after being shuttered for two months because of the coronavirus pandemic, some say they are weighing public health with economic need.

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Loans Not Returned

A majority of Paycheck Protection Program loans that went to publicly traded companies have not been returned, reports the Hill.

More than 80 percent of public companies that received loans through the Paycheck Protection Program (PPP) have kept the money, according to an analysis by market research firm FactSquared.

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