New SBA Paycheck Protection Program Loan Guidance
SBA Paycheck Protection Program Loan Guidance: Three Things to Consider Change in Interest Rate The interest rate on the loan is now 1% vs the 0.5% from April 2, 2020, which is down 4% from the CARES Act. Change NOT to include Independent Contractor payments in the loan calculation A business cannot use independent contractors … Continue reading New SBA Paycheck Protection Program Loan Guidance
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