Employees who decline a written layoff recall offer will not impact the employer’s PPP loan forgiveness
From the PPP Loan FAQs on The U.S. Department of the Treasury website as of May 6, 2020: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf 40. Question: Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules …
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