The SBA just released new revised loan forgiveness application forms integrating changes from the PPP Flexibility Act. The form is largely the same with some specific changes highlighted here....more
We are receiving a number of questions about PPP forgiveness and the PPP Flexibility Act, signed by President Trump on June 5. This Q&A is intended to answer some of those questions, but remember, your individual...more
Q: Our company was fortunate to receive a PPP loan but now during our ramp up for work several employees have either voluntarily quit and at least one was terminated. How does that affect our PPP payment obligations?...more
The Small Business Administration recently released the application for the Paycheck Protection Program (“PPP”) loan forgiveness which describes how some of the tests and definitions would be applied under the CARES...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created the Paycheck Protection Program (PPP), authorizing certain businesses to apply for loans, a portion of which was eligible for forgiveness through the...more
5/14/2020
/ CARES Act ,
Certification Requirements ,
Coronavirus/COVID-19 ,
Federal Loans ,
Good Faith ,
Loan Forgiveness ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
SBA Lending Programs ,
U.S. Treasury