Seasonal Small Businesses Receive Additional Flexibility in Calculating Maximum PPP Loan Amounts

Washington, D.C.—U.S. Senator Susan Collins, a member of the Small Business Coronavirus Task Force, announced today that Treasury has released a new rule that will provide greater flexibility to seasonal businesses applying for forgivable PPP loans.  Senator Collins, the co-author of the Paycheck Protection Program (PPP), has been pushing for greater flexibility for small, seasonal businesses.