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UPCOMING EVENTS Online Networking Cocktail Reception
October 21, 2021
Small Business Success Vital Signs & Warning Signs by BestPro Bookkeeping
October 22, 2021
Open House Networking on Clubhouse
October 25, 2021
Online Networking Coffee
October 26, 2021
Online Networking Cocktail Reception
October 28, 2021
Grow with Google - Make Your Website Work
October 29, 2021
JBIZ Expo
November 3, 2021
Holiday Networking Party
December 2, 2021


Paycheck Protection Program Reform Bill Passed - Helping Small Businesses

June 4, 2020

The Senate tonight passed by voice vote a House-passed clearing it for President Donald Trump's signature.

The legislation would give small businesses more time to use emergency loans under the program by extending the eight-week period in which they must use the money to qualify for loan forgiveness to 24 weeks.
The bill would also give small businesses more flexibility by changing the so-called 75/25 rule, which requires recipients of funds under the program to use three-quarters of the money for payroll costs and to limit other costs to no more than 25% in order to be eligible for loan forgiveness. The new ratio would be at least 60% on payroll and no more than 40% on other costs.