Congress recently extended the application deadline for the Paycheck Protection Program by five weeks, moving the deadline from June 30 to August 8. As of July 6, approximately $528 billion of PPP loan funds have been...more
The Small Business Administration (SBA) released on June 16 two revised loan forgiveness applications (each, along with separate instructions, available here). Borrowers of a Paycheck Protection Program (PPP) loan must use...more
On June 3, Congress passed the Paycheck Protection Program Flexibility Act (PPPFA). The PPPFA aims to address some issues that borrowers and industry groups had raised regarding the PPP as originally passed on March 27,...more
One of the most significant provisions in the recently passed federal CARES Act is the Paycheck Protection Program (PPP). It makes available $349 billion to qualifying small businesses for low-interest loans to cover up to...more