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
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 five (5) years rather than
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); PPP Schedule A (must be