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Borrower Insights For Maximizing PPP Loan Forgiveness

Mike Miller and Kathryn Hesman
June 2020

Charlotte Corporate Member Mike Miller and Associate Kathryn Hesman’s article titled, “Borrower Insights For Maximizing PPP Loan Forgiveness” was published by Law360 on June 25.

The article

As businesses that have received funds under the Coronavirus Aid, Relief and Economic Security, or CARES, Act's Paycheck Protection Program execute their COVID-19 survival strategies, it is important that these survival strategies are designed to take advantage of PPP's defining feature for borrowers: loan forgiveness.

The PPP provides that loans made under the PPP may be forgiven if the borrower meets certain criteria for the use of the PPP loan proceeds and maintenance of employee headcount and compensation levels.

To view the complete article, please click here.