One of the biggest lifelines for small businesses in the past few months has been the Paycheck Protection Program and it ends on June 30th. This episode gives listeners tips who don’t have the loans on how they can still apply in the final days. It also gives advice to small businesses that received the loans what they should know about the changing rules on forgiveness.

Takeaway Tips:

If you still have not applied for a loan, the bank must submit your completed loan with all of its qualified paperwork on June 30th.

Rules are changing to make the loan forgiveness process easier - from the length of the application to how much of the loan you have to spend on payroll.

There are pros and cons to the changing rules for loan forgiveness. You have 24 weeks to use the money to pay employees instead of eight weeks. But you can’t simply pay them less.