UIRP Webinar: Paycheck Protection Program Updates

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UIRP Webinar: Paycheck Protection Program Updates

June 11 @ 10:00 AM - 11:00 AM

The House and Senate have both passed a bill that would alter the SBA’s Paycheck Protection Program. Businesses will now have up to 24 weeks to use forgivable funds, instead of the original eight weeks. The portion of the costs that must be spent on payroll has been reduced from 75 percent to 60 percent. The bill also changes many of the original legislation’s hard deadlines from the end of June to Dec. 31. The legislation needs to be signed by the president before going into effect, and the SBA will need to write new guidance to clarify the impact of the changes on eligible costs and forgiveness.

Please register in advance for this meeting: https://illinois.zoom.us/meeting/register/tJEvd-6ppzgiE9a8uvrG1S6lMzS4kD7GUaiS
*After registering, you will receive a confirmation email containing information about joining the meeting.

Date: Thursday, June 11, 2020
Time: 10 – 11 AM

If you have questions, or need accommodations for this event, please contact Cathy McArthur at mcarthur@illinois.edu.

UIRP calendar eventL https://calendars.illinois.edu/detail/5115?eventId=33380561



June 11
10:00 AM - 11:00 AM
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