PPP Loans Forgiven in 70% of Mid-Size Law Firms in California

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The NLJ 500 California-based law firms that took out loans under the 2020 payroll protection program were largely forgiven, according to reports from the Small Business Administration.

The SBA has pardoned at least 23, or 70%, of the 32 firms that took out loans; Firms collectively received nearly $ 147 million in federal funds to protect 7,075 jobs.

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