Are You a Government Contractor Seeking PPP Loan Forgiveness? Be Careful What You Wish For!
Source: lexology.com
Anyone engaged in government contracting work knows that it is very different from working in the private sector. The CARES Act passed in March of last year illustrates this point. For most private sector companies, loans received under the Paycheck Protection Program (“PPP”) were eligible to be fully forgiven and treated—essentially—like grants. There was no obligation on private sector businesses to refund these loans to the government. The whole purpose of the PPP program was to help businesses keep their doors open and their employees working during a global pandemic. Requiring private businesses to repay those loans would have defeated that purpose.
Click here to read the full article.
Recent Posts
See AllSource: Federal News Network New numbers from the Bureau of Labor Statistics are adding to concern that inflation is going to be with us for some time. The impacts to individual pocketbooks are pretty
Source: GovExec Lawmakers advanced a bill on Wednesday that would limit the federal government’s contracting with companies that are still operating in Russia amid its war with Ukraine. Following Russ
Source: MASS TRANSIT MAG The Connections Marketplace (CMP) was launched Feb. 23 by the U.S. Department of Transportation’s (USDOT) Office of Small and Disadvantaged Business Utilization (OSDBU) with a