Sen. Cornyn: Senate Delivers Flexibility to Small Businesses Using PPP Loan Forgiveness
June 05, 2020
June 05, 2020
WASHINGTON, June 5 -- Sen. John Cornyn, R-Texas, issued the following news release:
U.S. Senator John Cornyn (R-TX) released the following statement after the Senate passed the Paycheck Protection Program (PPP) Flexibility Act of 2020, a bill to extend the amount of time businesses can use PPP funds from eight to 24 weeks and to reduce the amount that must be spent on payroll from 75% to 60% of the total loan.
"As I've spoken to Texas small business owners over the . . .
U.S. Senator John Cornyn (R-TX) released the following statement after the Senate passed the Paycheck Protection Program (PPP) Flexibility Act of 2020, a bill to extend the amount of time businesses can use PPP funds from eight to 24 weeks and to reduce the amount that must be spent on payroll from 75% to 60% of the total loan.
"As I've spoken to Texas small business owners over the . . .