Cos. That Repay PPP Loans Eligible for Employee Retention Credit

May 6, 2020, 9:58 PM UTC

Employer that repays a small business program loan before the safe harbor deadline of May 14 will be treated as though the co. had not received a covered loan for the purposes of the employee retention credit, Treasury Dept says in guidance.

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Greg Sullivan in Washington at gsullivan32@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Chelsea Mes

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