Want to create an interactive transcript for this episode?
Podcast: THRIVE, a Paychex Business Podcast
Episode: Why CPA.com's Erik Asgeirsson Thinks the Paycheck Protection Program Has Been a Success
Description: Signed into law by President Trump on June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act provides business owners with greater freedom for when and how loan funds must be spent. This new act increases the time borrowers have to spend their loan and reduces the percentage of the loan that must be spent on payroll. Listen in as CEO of CPA.com, Erik Asgeirsson, talks with Gene Marks about these new changes, as well as how this will positively impact businesses as they begin to reopen, how the PPP should be looked at as more of a grant program...