Law Firm and PPP Forum
- tlsadmin3
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- Joined: Tue Jan 30, 2018 1:26 pm
Law Firm and PPP
The Paycheck Protection Program (PPP) Loans helped many businesses and law firms get through the slow down caused by the pandemic. Philadelphia law firms alone received at least $228 million from the PPP loan program; this was the most money received by any industry in that area. Many of these loans could potentially be forgiven if 60% of the loan was used for payroll. Did your law firm take advantage of the PPP loans?