More than 423,000 businesses in Florida received federal loans meant to help pay employees. The Paycheck Protection Program loans are generally forgivable if at least 60% of the money is used to pay for payroll. The remaining amount could be used on other eligible expenses like utilities and rent. Business owners can apply for loan forgiveness at any time up…
The Paycheck Protection Program is now closed– but Consumer Investigator Sasha Jones explains why business owners still have plenty of work ahead if they want to get those loans forgiven.