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Extensions Small Business Loans

Morgan Lewis

CARES Act: Paycheck Protection Program Provides Small Business Loans to Support Employees (UPDATED)

Morgan Lewis on

The CARES Act’s Paycheck Protection Program provides loans targeted to small businesses to help keep their workers employed during the coronavirus (COVID-19) pandemic, and offers loan forgiveness to borrowers maintaining a...more

Burr & Forman

President, Congress Extend Application Period for PPP Loans

Burr & Forman on

On July 4, President Trump signed into law a bill extending the period during which borrowers can apply for paycheck protection program (“PPP”) loans from June 30 to August 8. The PPP loan program is part of the governmental...more

Troutman Pepper

Congress Passes Extension of Paycheck Protection Program

Troutman Pepper on

The Paycheck Protection Program (PPP), which was established in Section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is set to be extended by five weeks after the U.S. House of Representatives...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – July 2020 #2

Hogan Lovells on

In Washington: The House unanimously passed a bill to revive the $670 billion small business aid program hours after it shut down on Wednesday, extending the Paycheck Protections Program (PP) until Aug. 8. The Senate had...more

Holland & Hart LLP

SBA Extends PPP Loan Application Deadline to August 8

Holland & Hart LLP on

On July 4, 2020, President Trump signed into law a bill extending the deadline for small businesses to apply for a Paycheck Protection Program (PPP) loan to August 8, 2020. The original deadline to apply for a PPP loan had...more

Smith Debnam Narron Drake Saintsing & Myers,...

PPP Loan Application Deadline Extended Until August 8

On July 4, 2020, President Trump signed a bill that re-opens the application period for Paycheck Protection Program (“PPP”) loans until August 8, 2020. The five-week extension was approved by both houses of Congress last week...more

Sherman & Howard L.L.C.

PPP Flexibility Act Summary

On June 5, President Trump signed into law the PPP Flexibility Act of 2020 (the Flexibility Act). The Flexibility Act modifies numerous loan eligibility, loan forgiveness, and loan repayment aspects of the PPP created under...more

Wilson Sonsini Goodrich & Rosati

SBA Paycheck Protection Program (PPP): Paycheck Protection Program Flexibility Act (PPPFA) Significantly Overhauls Paycheck...

On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPPFA) was signed into law after nearly unanimous passage of the legislation by Congress. The PPPFA significantly overhauls the original PPP loan...more

ArentFox Schiff

President Signs PPP Flexibility Act Helping Borrowers

ArentFox Schiff on

On Friday, June 5 President Trump signed the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) into law. The PPP Flexibility Act modifies the Paycheck Protection Program (PPP) that was contained in the...more

Jackson Lewis P.C.

More Changes To The Paycheck Protection Program

Jackson Lewis P.C. on

In response to employer complaints that the Paycheck Protection Program (PPP) was not particularly useful to businesses (such as restaurants) that have had to remain shuttered because of the COVID-19 pandemic, Congress passed...more

White and Williams LLP

If You Don’t Like the PPP Now, Wait a Few Minutes…Major Changes to PPP Loan Program as Congress Passes Payroll Protection Program...

On June 5, 2020, President Trump signed into law the Payroll Protection Program Flexibility Act of 2020 (the Flexibility Act). The Flexibility Act provides much-needed flexibility for the Paycheck Protection Program (PPP) and...more

Haynsworth Sinkler Boyd, P.A.

PPP Flexibility Act Signed Into Law

On Wednesday evening, the U.S. Senate passed the Paycheck Protection Program Flexibility Act (the “Act”), which amends the CARES Act to provide businesses with greater flexibility in the use of PPP funds. President Trump...more

Cole Schotz

COVID-19 Alert: Paycheck Protection Program Flexibility Act Of 2020

Cole Schotz on

On June 5, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”), a bipartisan measure aimed at providing additional flexibility and extended relief to small business borrowers under...more

Payne & Fears

COVID-19 Government-Sponsored Resources

Payne & Fears on

As COVID-19 containment efforts expand, a growing number of employers are seeing major disruptions to their operations or reductions in services. Similarly, a growing number of employees are concerned about significant drops...more

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