Guide to PPP Loan Forgiveness. This guide reflects recent substantive changes made by Congress and the administration to the PPP program to provide borrowers with more flexibility. These changes include:
Extending the time to spend PPP funds from 8 weeks to 24 weeks;
Lowering the amount that must be spent on payroll from 75% to 60%;
Extending the deadline to restore FTEs and payroll from June 30, 2020 to Dec. 31, 2020; and
Setting the repayment term for loans made after June 4, 2020 at five years.
The Too Local To Fail program, is an interactive platform for building community and innovation. This tool is designed to shape the future of the Minneapolis-St. Paul economy. Business leaders, employees and stakeholders can share their ideas about re-opening the economy and safe return to work.