While 2020 ended strong, firm leaders and consultants said the loans were an important lifeline at a very uncertain time.
July 08, 2021 at 05:00 AM
4 minute read
At least 27 Am Law 200 firms have had a collective $210 million in Paycheck Protection Program loans fully or partially forgiven this summer, with the vast majority of firms indicating that the money went to payroll, according to a ProPublica database compiling data from the Small Business Administration (SBA).
Still, there are 15 firms with a total of $125 million in loans that have yet to disclose whether they have had their loans forgiven.
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