On May 28, 2020, the U.S. House passed the Paycheck Protection Program (PPP) Flexibility Act with strong bipartisan support. This bill provides new flexibility to PPP borrowers in several key requirements:
• Borrowers can...more
The Department of the Treasury released on May 13, 2020 FAQs No. 46 and No. 47 related to the requirement that Paycheck Protection Program (PPP) borrowers certify in good faith that “[c]urrent economic uncertainty makes this...more
The Congress passed the Paycheck Protection Program and Health Care Enhancement Act, sometimes known as “Stimulus 3.5.”
Here are highlights of this law’s impact on the Small Business Administration’s (SBA) Paycheck...more
Small businesses will soon have a new option for aid following the enactment on March 27, 2020, of the Coronavirus Aid, Relief and Economic Security (CARES) Act. One Small Business Administration (SBA) lending program was...more
Following days of protracted negotiations, Congress is heading toward enacting a $2 trillion measure to respond to the coronavirus pandemic. Anticipated to clear the House of Representatives on Friday and be promptly signed...more