Joe McNamara Delivers PPP Loan Forgiveness to Small Businesses
Delegate Joe McNamara (R-Roanoke), in one of his biggest legislative accomplishments of the 2021 session, led the way to reach a bipartisan deal that will provide a deduction cap of up to $100,000 for businesses who received PPP Loan Forgiveness. This will provide full PPP Loan forgiveness for 81% of businesses in Virginia.