Sen. Collins: Seasonal Small Businesses Receive Additional Flexibility in Calculating Maximum PPP Loan Amounts
April 28, 2020
April 28, 2020
WASHINGTON, April 28 -- Sen. Susan M. Collins, R-Maine, issued the following news release on April 27:
U.S. Senator Susan Collins, a member of the Small Business Coronavirus Task Force, announced that Treasury has released a new rule that will provide greater flexibility to seasonal businesses applying for forgivable PPP loans. Senator Collins, the co-author of the Paycheck Protection Program (PPP), has been pushing for greater flexibility for small, seasonal businesses.
U.S. Senator Susan Collins, a member of the Small Business Coronavirus Task Force, announced that Treasury has released a new rule that will provide greater flexibility to seasonal businesses applying for forgivable PPP loans. Senator Collins, the co-author of the Paycheck Protection Program (PPP), has been pushing for greater flexibility for small, seasonal businesses.