The Polsinelli Pulse: Mitigating Litigation Risk at the Deal Table and Beyond - Vol. 3

Mergers & Acquisitions And Paycheck Protection Program: Proceed With Caution -

In Spring 2020, Congress adopted the CARES Act, which authorized $350 billion for the Paycheck Protection Program (“PPP”). With an additional $310 billion authorized under the PPP Flexibility Act in June 2020, PPP ultimately provided $660 billion for guaranteed loans to U.S. small businesses experiencing significant financial problems due to the Covid-19 pandemic.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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