Friday, May 29, 2020

Lawmakers compromise on PPP loan terms as talks continue

Lawmakers compromise on PPP loan terms as talks continue-rollcall: A Republican lawmaker said Wednesday that negotiators agreed to adjust a key ratio in a program to relieve small businesses from the COVID-19 pandemic, lowering to 60 percent the portion of loans that must be used for payroll, from 75 percent currently, and giving borrowers more time to use any loans.