COVID-19 and the Paycheck Protection Program
For those of you who applied for and got a Paycheck Protection Program Loan, remember that the SBA requires at a minimum:
- The money from the loan must be used within 8 weeks of being deposited into your account;
- You cannot spend more than 25% of the money on costs other than payroll;
- You must ask for the loan to be “forgiven”;
- If the loan isn’t forgiven, you must repay it within 2 years.
Any questions you have about your PPP Loan, contact us directly at 815-730-1977. We are here to help!
Our firm provides legal help to clients in Will County, DuPage County, and Cook County. We have offices in Joliet, Plainfield, and Naperville, and we assist with legal matters in Mokena, Frankfort, New Lenox, Tinley Park, Orland Park, Homer Glen, Lockport, Shorewood, Romeoville, Bolingbrook, Lemont, Darien, Woodridge, Downers Grove, Lisle, Oak Brook, Lombard, Glen Ellyn, Wheaton, Warrenville, West Chicago, Aurora, and the surrounding areas.
Results listed are not a guarantee or indication of future case results.
Results listed are not a guarantee or indication of future case results.
© 2024 Rathbun, Cservenyak & Kozol LLC
3260 Executive Drive, Joliet, IL 60431
815-730-1977
3260 Executive Drive, Joliet, IL 60431
815-730-1977
