Accounting getting PPP money gotten by the companies
Accounting getting PPP money gotten by the companies The fresh CARES Act, in addition to next amendments, earmarked more than $600 mil from the Paycheck Coverage Program (PPP), given by Business Government (SBA), getting potentially forgivable funds to help with qualified small enterprises impacted by COVID-19. This new financing, that have a two- or five-season name (dependant on after they was in fact provided) and you can happen desire within step one%, are provided owing to SBA-approved loan providers so you’re able to a qualified organization.