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PAID CONTENT

Did your business obtain a PPP? Here’s how to make loan forgiveness more viable

The Paycheck Protection Program (PPP) Flexibility Act, signed into law in early June, gave businesses more time and better options for spending billions of dollars in federal relief. Many business owners now will have 24 weeks to spend their stimulus money–three times longer than the original eight-week window. In this video, Lance Schoening, government relations director, and Mark West, national vice president of business solutions for Principal, talk through the four major changes introduced by the PPP Flexibility Act and what they mean for businesses trying to maximize their loan forgiveness. Then look ahead to other factors that may affect federal relief for businesses throughout 2020.

Check out Principal resources to help businesses through this challenging year, like the CARES Act Paycheck Protection Program calculator to help estimate your loan forgiveness.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.​

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-247-1737, Member SIPC Principal National, Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, IA.

Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

1221079-062020

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