Day: May 3, 2020

PPP Forgivable Loans Will be Unforgiving for Many

Opinions expressed by Entrepreneur contributors are their own.


Many who have been approved for loans (“PPP”) are realizing that the loan isn’t as forgivable as they’d hoped.

The amount a small business can qualify to have forgiven must primarily be costs. The ’s rulemaking has stated that at least 75% of the forgiveness request must be payroll costs but can also contain up to 25% of other approved expenses under the law such as rent, mortgage interest and utilities. That rule seems to be widely understood and so long as small business owners are spending 75% of their PPP funds on payroll this rule won’t frustrate small business owners when it comes time to forgiveness.

For details on the PPP loan program in general, please refer to my prior article here.  

Unfortunately, there is an additional restriction on loan

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How to Find the Mental Strength to Overcome Any Adversity

Mike Diamond, speaker, author and Guinness world record holder, shares some of his best mental strategies he learned on his path to overcoming addiction.


1 min read

Opinions expressed by Entrepreneur contributors are their own.


Mike Diamond and The Playbook host David Meltzer discuss a range of topics, including Mike’s book, 7 Steps to an Unbreakable Mindset, the differences between being motivated and being inspired and some of the ways we can avoid creating harmful habits. They also share their thoughts on creating a better connection to your source of inspiration and the life-changing power of forgiveness.

Related: How to Avoid Making Disastrous Decisions

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