News

The Economic Aid Act has extended PPP through March 31. Read our Client Alert to learn more about changes to the program,updated requirements, and how they may impact you

What you need to know about the Small Business Administration (SBA) Paycheck Protection Program (PPP)*

The Paycheck Protection Program (PPP) Flexibility Act of 2020 updates several aspects of the SBA PPP. * On June 5, 2020, the PPP Flexibility Act of 2020 (the Act) was enacted impacting aspects of the SBA PPP. Key Developments 1. PPP loans made on or after June 5, 2020 shall have a minimum maturity of … Read more

 The Small Business Administration (SBA) published the Paycheck Protection Program (PPP) Loan Forgiveness Application*   On May 15, 2020, the SBA published the PPP Loan Forgiveness Application for borrowers. The Loan Forgiveness Application has four components, two of which must be submitted to the borrower’s lender:  PPP Loan Forgiveness Calculation Form (must be submitted to lender);  … Read more

What you need to know about loan forgiveness as part of the Small Business Administration(SBA) Paycheck Protection Program (PPP)* The SBA issued interim final rules on the PPP on April 3, 2020 and updated the PPP Information Sheet forBorrowers accordingly. The PPP allows small businesses to access unsecured loans to cover payroll,insurance premiums, mortgage, rent, … Read more

The Small Business Administration (SBA) updated its Frequently Asked Questions (FAQ) on Paycheck Protection Program (PPP) Loans regarding the employee size standard*  On May 5, 2020, the SBA issued a new guideline for PPP applicants. It was published as Question #44 in the Paycheck Protection Program Loans Frequently Asked Questions (FAQs). Question #44 provides further … Read more