Companies and sole proprietors with PPP loans have been scrambling to maximize their 8-week loan forgiveness. The Paycheck Protection Program Flexibility Act, which eases the forgiveness rules, will likely come as welcome...more
Employers with PPP loans have been anxiously waiting guidance on forgiveness for over a month. On Friday, the Small Business Administration (SBA) provided some insight by releasing the PPP Loan Forgiveness Application, with...more
The recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) seeks to mitigate the economic impact of COVID-19. It seeks to expand on prior legislation. It provides greater assistance to individuals,...more
What is the Paycheck Protection Program (“PPP”)? PPP was put in place as part of the CARES Act on March 27, 2020, to offer loans under Section 7(a) of the Small Business Act and to incentivize small business employers to...more