Assemblyman Billy Jones May 28th Report
Updates on PPP Loan Forgiveness |
On Friday, the SBA released additional guidance for borrowers and lenders on Paycheck Protection Program (PPP) loan forgiveness.
For information on the borrower requirements for loan forgiveness, visit this website. For information on loan review procedures for lenders and borrowers, visit this website. |
Please note, loan forgiveness is not automatic- to apply, borrowers will need to submit the loan forgiveness application – with any required supporting documentation – to the lender who is servicing their PPP loan.
If you have received a PPP loan and will be completing the forgiveness application, the U.S. Chamber of Commerce has released a Guide to PPP Loan Forgiveness. This guide- available at this website– can help you calculate your potential loan forgiveness amount, explains what happens to the portion of the loan that is not forgiven, and covers what supporting documentation you will need to submit. |
New OSHA Guidance for Construction Workers |
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has launched a webpage with coronavirus-related guidance for construction employers and workers.
The guidance includes recommended actions to reduce the risk of exposure to the coronavirus. |
The webpage includes information regarding:
The guidance can be found here. |
Posted: May 28th, 2020 under Heathcare News, State Legislator News.