PPP and Furloughed employees
If I bring my furloughed employees back to full time, at the same pay level in June (we are a preschool and are only open to essential business workers, everyone else is in a "shelter in place order") and don't apply for the PPP money until June, will I have 8 weeks to use the "grant" money when I receive it or does all the "grant" money need to be spent before the end of June?
I would imagine this would be for a lot of companies.....if we are ordered to shelter in place, its going to hard to return all employees (some might be sick, scared, etc.).
Or is the government trying to push us to pay them even if they can't work for the time being
Also, if I bring everyone back, and have to furlough them again because of a second waive of the Coronavirus, or lack of demand, will I be penalized?