PPP Loans, Reduced Salary
If your company receives the Small Business Loan they applied for to cover payroll are they allowed to cut employees salaries or do they have to keep paying them at their full salary rate?
Terry Says
This is an interesting legal question and relates not to their ability to reduce salaries but to the ultimate LOAN FORGIVENESS if they do cut salaries but keep people on the payroll.
Show your company this legal opinion.
