The Paycheck Protection Program (PPP) officially ended on May 31, 2021. From April 2020 through May 2021, the program provided approximately 12 million loans totaling nearly $800 million that helped businesses keep their...more
Time is of the essence for businesses to apply for relief from the Paycheck Protection Program. Jackson Walker finance partners Lindsey Berwick and John Wittenberg join hosts Art Cavazos and Daniel Maldonado to discuss the...more
On Monday, February 22, 2021, the Biden-Harris administration announced several reforms to the Paycheck Protection Program (“PPP“), including -
Starting at 9 a.m. EST on Wednesday, February 24, 2021, through Tuesday, March...more
On Monday, December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA), which contains a $900 billion COVID-19 relief package that, among many other initiatives, reauthorizes and modifies the Paycheck...more
While the deadline to apply for a Paycheck Protection Program (PPP) loan has passed, an August 8th extension is en route to President Trump for his signature. Since the program's implementation in April, the Small Business...more
7/2/2020
/ Borrowers ,
Coronavirus/COVID-19 ,
Loan Applications ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Proposed Legislation ,
SBA ,
Small Business ,
Small Business Loans ,
Time Extensions ,
Trump Administration
Revised PPP Loan Forgiveness Applications -
On June 16, 2020, the Small Business Administration (SBA) released revised Loan Forgiveness Applications in connection with the Paycheck Protection Program (PPP)...more
6/18/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Safe Harbors ,
SBA ,
Small Business ,
Small Business Loans ,
Updated Forms
The Acts -
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress...more
CARES Act and PPPHCE Act -
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain eligible recipients in response to the...more
5/29/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program and Health Care Enhancement Act ,
Payroll Expenses ,
Popular ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Small Business Loans ,
Wage and Hour
CARES Act and PPPHCE Act – Paycheck Protection Program Funding -
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain...more
When submitting a Paycheck Protection Program (PPP) loan request, medical providers and all other borrowers must certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support 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
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 23, 2020, to provide emergency economic stimulus to small businesses and certain eligible recipients in response to the economic...more
4/30/2020
/ CARES Act ,
Civil Liability ,
Coronavirus/COVID-19 ,
Criminal Liability ,
Eligibility ,
Enforcement Actions ,
Interim Final Rules (IFR) ,
Loan Applications ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program and Health Care Enhancement Act ,
Recordkeeping Requirements ,
Safe Harbors ,
Small Business ,
Small Business Loans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more
This article has been revised to include updates to the Paycheck Protection Program FAQs, the Small Business Administration’s Franchise Directory, and additional FAQs related to faith-based organizations.
On March 27, 2020,...more