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Accounting for PPP, Disaster Loans—COVID-19 Relief

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thegavoice.com
thegavoice.comthegavoice.com:

Business owners, congratulations to those of you who received Coronavirus Aid, Relief and Economic Security (CARES) Act Loans—either Paycheck Protection Program (PPP) and/or Economic Injury Disaster (EID) loans.

If you were one of the lucky businesses to receive a PPP loan, you currently have eight weeks to use the funds appropriately to meet the criteria for loan forgiveness or face repayment.

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