Kelley Smith

Kelley Smith

Faegre Drinker Biddle & Reath LLP

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Paycheck Protection Program Flexibility Act Passes, Increasing PPP Accessibility for Businesses

On June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act was signed by President Trump. This loan program has been popular, but its rules made it not fully useful to many small borrowers. This amendment provides...more

6/9/2020  /  CARES Act , Loan Forgiveness , Paycheck Protection Program (PPP) , Paycheck Protection Program Flexibility Act of 2020 (PPPFA) , Payroll Taxes , SBA

Paycheck Protection Program: Loan Forgiveness Guidance

The Department of the Treasury posted the Loan Forgiveness Application for borrowers with Paycheck Protection Program (PPP) loans on May 15, 2020. Below is a summary of key takeaways, an overview of certain procedures for...more

5/19/2020  /  CARES Act , Coronavirus/COVID-19 , Loan Forgiveness , Paycheck Protection Program (PPP) , Relief Measures , SBA , SBA Lending Programs , Small Business
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