S. Treasury and Interim SBA rules, at least 75% of the loan proceeds must be used for payroll costs

S. Treasury and Interim SBA rules, at least 75% of the loan proceeds must be used for payroll costs A reduction to the loan forgiveness will be made if the average number of full-time employee equivalents (FTEs) per month during the eight-week period is less than the average number of employees per month during the …

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