Notes / News from PWL
As the ever-changing circumstances of the novel Coronavirus (COVID-19) continue to be reported, we want to take a moment to share with you how PWL is responding to this unprecedented situation.
PWL continues to monitor the latest updates and developments related to the Coronavirus crisis as we put into place measures to ensure the safety of our people while maintaining uninterrupted delivery of services to you.
The Payroll Protection Program provides federally-guaranteed loans up to a maximum amount of $10 million for payroll and certain other expenses.
If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortage interest, or utilities. Up to 100 percent of the loan is forgivable.
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