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AALU/GAMA
101 Constitution Avenue
Suite 703 East
Washington, D.C. 20001

Main: (703) 641-9400
Toll-Free: (888) 275-0092

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July 27, 2020 by Mehnaz Haq 0 Comments

What Is The Paycheck Protection Program and How Do I Calculate My Loan Amount?

You can use the loan to pay for a variety of operational expenses, including payroll, rent, mortgage, debt, or insurance. However, in order to have your PPP loan forgiven, you will need to spend the funds primarily on payroll
(75%+ of the forgiven amount).