Humphrey Law PLLC
Employees Refusing Re-Hire? How To Protect Your PPP Loan Forgiveness
The massive Paycheck Protection Program was meant to allow businesses to continue to pay their employees while their revenues have tried up during the Covid-19 pandemic. The most attractive feature of the PPP is that the portion of the loan spent on payroll and certain other expenses would be forgiven, meaning at least part of the PPP “loan” would in fact be a grant—indeed, many businesses would not have accepted the PPP loan and may not be able to repay it without this forgiveness.