In this case, the agency argues, firms that qualified for PPP loan forgiveness by claiming...

Engineering firms told to repay ‘forgivable’ pandemic loans – Roll Call

In this case, the agency argues, firms that qualified for PPP loan forgiveness by claiming the funds were spent on eligible costs — such as indirect labor, rent or utilities — were also reimbursed through FHWA grants. Since two federally funded programs paid for the same costs twice, a credit is due to one or the other, they say. Firms have the option of reducing or applying a credit to the firm’s indirect cost rate or choosing to repay the loan. Engineers say the move has hit small firms hardest, leaving them in peril months before their services are potentially needed …

 

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