Congress has breathed a third life into the Paycheck Protection Program – which appeared all but left for dead a scant week ago – and extended the availability of its potentially forgivable loans until August 8, 2020.
In...more
On June 3, 2020, the Senate unanimously approved H.R., 7010, the Paycheck Protection Program Flexibility Act of 2020, or Flex Act, modifying certain provisions of the CARES Act relating to loan forgiveness under the Paycheck...more
On May 22, 2020, a new interim final rule was posted by the Small Business Administration (SBA) that provides advice to borrowers and lenders concerning SBA’s review process under the Paycheck Protection Program (PPP). The...more