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PPP Revision Help San Diego Businesses

By Robert MacGuire Friday, June 12, 2020

Today on the Southern California Real Estate Report we focus on San Diego opening up again with a modification to the original CARES Act, or the Paycheck Protection Program Flexibility Act.

We talk about how the restaurant and hospitality industry will benefit because now only 60% of PPP loans must be spent on payrolls, leaving the remaining 40% for other eligible expenses, including rent.

We believe that these changes will help keep business open because they allow for them to have flexibility.

We reference the following article for this podcast:

https://www.bisnow.com/national/news/retail/ppp-revision-aims-to-help-restaurants-104705

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Author

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Robert MacGuire
Founder
Founder and Principal of Income Property Advisors, Inc., Robert MacGuire has been involved in the management, marketing and sales of residential income and commercial properties in San Diego and Santa Barbra Counties since 1998. His specialty is multi-family and residential income properties and representing buyers and sellers in the purchase of these properties. Mr. MacGuire has become known for his fair and aggressive representation of his clients and this has earned him the respect and busine...
Founder and Principal of Income Property Advisors, Inc., Robert MacGuire has been involved in the management, marketing and sales of residential income and commercial properties in San Diego and Santa Barbra Counties since 1998. His specialty is multi-family and residential income properties and representing buyers and sellers in the purchase of these properties. Mr. MacGuire has become known for his fair and aggressive representation of his clients and this has earned him the respect and business of many established Real Estate investors in San Diego and Santa Barbra County. Income Property Advisors, Inc., currently manages approximately 100 million dollars’ worth of multi-family and residential income assets. Mr. MacGuire has been involved in numerous Real Estate transactions in San Diego and Santa Barbara County earning him top producer designations in multiple commercial Real Estate offices over his 20-year career as an Agent and Broker. Mr. MacGuire is a member of the National Association of Realtors (NAR), California Association of Realtors (CAR), the National Association of Residential Property Managers (NARPM) and the San Diego County Apartment Association (SDCAA) He is a licensed Real Estate Broker in the State of California. He attended the University of Colorado, Boulder.
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