Applying for Loan Forgiveness under the Paycheck Protection Program (PPP)
The Energy Law
MAY 19, 2020
annually by more than 25%, or (b) reduced its average full-time equivalent (FTE) employee count, then the maximum amount of loan forgiveness will be subject to a proportional reduction (in the case of FTE reduction) or a dollar-for-dollar reduction (in the case of wage/salary reduction).
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