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Senator hopes businesses approach PPP wisely

U.S. Senator Ron Johnson wants to make sure small businesses in Wisconsin that are truly in need can take advantage of Payroll Protection Program. Over $600 billion has been committed to the PPP, with over nine percent of the state’s small businesses receiving funds according to Business.org. Senator Johnson is concerned that without the proper safeguards in place, the small businesses that need help the most are not getting it.

After requesting higher qualifying standards before the most recent stimulus bill was passed, Senator Johnson suggests companies receiving PPP funds not have their loans completely forgiven if they make more money in 2020 than they did in 2019.

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