New Directive Eases Path for Smaller Paycheck Protection Loans
Business Tools, Government Affairs
On: May 14, 2020 | By:
In a positive move for small engineering and construction companies—and those in other industries—federal agencies say forgivable loans less than $2 million under the Paycheck Protection Program are acceptable and won’t face federal audits or reviews. The Associated General Contractors of America and the American Council of Engineering Companies say the majority of PPP loans to their association members are smaller than $2 million.
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