Sens. Menendez, Cornyn, Colleagues Urge Trump Admin to Raise SBA's PPP Non-payroll Forgiveness Cap to 50%
May 07, 2020
May 07, 2020
WASHINGTON, May 7 -- Sen. Robert Menendez, D-New Jersey, issued the following news release:
U.S. Senators Bob Menendez (D-N.J.) and John Cornyn (R-Texas) led a bipartisan group of colleagues in urging U.S. Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza to raise the Paycheck Protection Program's (PPP) non-payroll forgiveness cap from 25% to 50%. PPP loans allow loan proceeds used towards payroll, utilities, mortgage interest, and rent payments to b . . .
U.S. Senators Bob Menendez (D-N.J.) and John Cornyn (R-Texas) led a bipartisan group of colleagues in urging U.S. Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza to raise the Paycheck Protection Program's (PPP) non-payroll forgiveness cap from 25% to 50%. PPP loans allow loan proceeds used towards payroll, utilities, mortgage interest, and rent payments to b . . .