The South Florida Business Journal quoted Advisory Director Andy Alan in article about the terms for PPP loan forgiveness.
The South Florida Business Journal
By Ashley Portero
Under the PPP, borrowers have eight weeks to spend their approved funds. That period begins the day the loan is funded. But some businesses, such as those that pay employees on a weekly or biweekly basis, have payroll periods that do not align with that eight-week period, Marcum’s Alan said.
Now, the SBA has an option that allows borrowers to calculate payroll costs using an “alternative payroll covered period.”
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