Of the 32 California-based NLJ 500 firms that took PPP loans last year, at least 23 have had their loans forgiven. For others, loan status was unclear.
July 23, 2021 at 11:08 AM
2 minute read
California-based NLJ 500 law firms that took out 2020 Paycheck Protection Program loans have largely been forgiven, according to Small Business Administration records.
The SBA granted forgiveness for at least 23, or 70%, of the 32 firms that took loans; the firms collectively received nearly $147 million in federal funds to protect 7,075 jobs.
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Paycheck Protection Program application.
