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Senate Passes Bill Easing Rules on Paycheck Protection Program

Senate Passes Bill Easing Rules on Paycheck Protection Program

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FintechUSA
··1 min read

Yesterday the Senate passed a bill that will provide more flexibility for small businesses that have applied for Paycheck Protection Program loans; under this new proposal small businesses would have to spend 60% of the loan proceeds on payroll, down from 75%, also they could use the funds for six months instead of two months and deadlines were pushed back for when small businesses need to rehire workers; the House passed the bill last week so it now heads to the President’s desk where he is expected to sign it. CNBC

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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