June 29 Webinar: Guide to PPP Forgiveness

Ryan Gleason, Manager of Congressional and Public Affairs for the U.S. Chamber of Commerce’s Great Lakes Region, will walk attendees through their newest guide that reflects recent substantive changes made by Congress and the administration to the PPP program to provide borrowers with more flexibility. These changes include:

• Extending the time to spend PPP funds from 8 weeks to 24 weeks;
• Lowering the amount that must be spent on payroll from 75% to 60%;
• Extending the deadline to restore FTEs and payroll from June 30, 2020 to Dec. 31, 2020; and
• Setting the repayment term for loans made after June 4, 2020 at five years.