Law Firm and PPP
Posted: Tue Oct 06, 2020 6:07 pm
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?