Improvements To Paycheck Protection Program

House-passed Bill making needed improvements to Paycheck Protection Program will allow construction firms to save more jobs! “Members of the House appreciate that one of the best ways to protect the economy from further harm is to make needed improvements to the federal PPP. While the loans have helped prevent countless construction layoffs during the past several weeks, their benefits have been limited by several problems that have become apparent since the original program was crafted. These problems include the fact the loans are only supposed to cover an eight-week period, set an unrealistic formula of payroll versus other legitimate expenses and are supposed to mature in two years. Read more …