As clients are beginning to be funded, we want to remind you what has been released from the US Treasury regarding the PPP program: The loan terms will be the same for everyone, regardless of the amount of the loan or the bank used to obtain the loan. The loan amounts will be forgiven as long as the loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8-week period after the loan is made AND employee and compensation levels are maintained. It is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. Loan payments will be deferred for 6 months Any business with 500 or fewer employees may apply You are only allowed to take out one PPP loan. You cannot apply for multiple PPP loans. You can use the loan for payroll costs (including benefits), interest on mortgage obligations incurred before 2/15/20, rent under lease agreements in force before 2/15/20, and utilities which were i