Senators want to let small businesses spend more PPP money on non-payroll expenses

Senators want to let small businesses spend more PPP money on non-payroll expenses

A bipartisan group of senators is urging the Trump administration to allow businesses to spend less of their Paycheck Protection Program loan on payroll and still qualify for forgiveness. Under the current rules, a business can only spend 25% of the PPP loan on non-payroll expenses like rent, utilities and mortgage interest payments. In a […]