Tag Archives: Some businesses face challenges meeting requirements for PPP loan forgiveness

HOUSTON, Texas (KTRK) — As the state of Texas begins to reopen, some businesses that received the Paycheck Protection Program loan are now faced with new challenges. According to the Small Business Administration, the loan can be used for interest on mortgages, rent, utilities and payroll, but at least 75 percent of it has to be spent on payroll for …

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