Reducing Regulatory Burdens

PPP Loan Forgiveness

Many small business who qualify for the PPP Loan are being told if you have sufficient liquidity to weather the shutdowns that your loan may not be forgiven. Our business has a 6-12 month sales cycle and we are being advised to make a decision by May 7th 2020's safe harbor date. How can we prepare, plan and evaluate the impacts in our line of work when we wont be directly effected for such a period of time? And why would the recommendations be to return the loan so early?

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Idea No. 2954