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The Paycheck Protection Program (“PPP”) Highlights
The Paycheck Protection Program (“PPP”) Highlights
Authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
The loan amounts will be forgiven as long as:
The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made
Employee and compensation levels are maintained.
– Payroll costs are capped at $100,000 on an annualized basis for each employee.
Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.
Loan payments will be deferred for 6 months.
Learn more here
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The Paycheck Protection Program (“PPP”) Highlights
Authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
Governor Ron DeSantis announced that Florida is to receive $250 Million for Affordable Housing Coronavirus relief.
Florida is to receive $250 million of funding from the federal CARES act, aimed at providing relief for renters and mortgage holders across Florida that have been impacted by COVID-19
