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Josh French Quoted on the Paycheck Protection Program in the Boston Business Journal
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Josh French, a partner in Nutter’s Corporate and Transactions Department, discussed the Paycheck Protection Program (PPP) in the Boston Business Journal. In the article, “You Got Your PPP Loan, Now What?”, Josh described a simple test for deciding whether an expenditure will draw “the quadruple P — the PPP police.” Ask yourself, would I be doing this right now if it wasn’t for the PPP? For instance, if you’re thinking about giving employees big bonuses just to hit that 75% payroll threshold — would you be handing out big bonuses this spring if not for the loan? “If it’s not something you would have done normally, then I’d be nervous about doing it now,” Josh said.
