We Accepted Our PPP Funds, Now Just What? An Updated Guide to Loan Forgiveness

We Accepted Our PPP Funds, Now Just What? An Updated Guide to Loan Forgiveness

FTE decrease Exemptions: Any decrease because of the following will likely not decrease the borrower’s loan forgiveness: 1) a debtor that laid off a member of staff wanted to rehire the exact same worker for similar installment loans no credit check salary/wages and exact exact same amount of hours, however the worker declined the offer (the debtor will need to have made the offer in good faith as well as in writing and also the worker’s rejection of the offer should be documented because of the debtor while the debtor must notify the relevant state jobless office of these worker’s refused offer of work within 1 month of these worker’s rejection associated with the offer), 2) a worker ended up being fired for cause or voluntarily resigned through the Covered Period (or alternate Payroll Covered Period), or 3) a member of staff voluntarily requested and received a decrease in his / her hours. Read More

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