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CARES Act: The SBA’s Paycheck Protection Program—Congress Passes the Paycheck Protection Flexibility Act - Update 2020

On June 8, 2020, U.S. Department of the Treasury (Treasury) Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued a statement regarding the enactment of the Paycheck Protection...more

CARES Act: The SBA’s Paycheck Protection Program—Congress Passes the Paycheck Protection Flexibility Act

On June 3, 2020, Congress passed the Paycheck Protection Flexibility Act of 2020 (the Act). The Act eases restrictions on Paycheck Protection Program (PPP) loans and gives business owners more flexibility in spending loan...more

CARES Act - The SBA’s Paycheck Protection Program—Interim Final Rules on Loan Forgiveness and Review Procedures Released

On May 22, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury published its Paycheck Protection Program (PPP) Loan Forgiveness Rules and Loan Review Procedures and Related Borrower and...more

CARES Act - The SBA’s Paycheck Protection Program - Loan Forgiveness Application Released

On May 16, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury published its Paycheck Protection Program (PPP) Loan Forgiveness Application. Additionally, the Treasury Department stated...more

CARES Act - The SBA’s PPP – New FAQ Provides Clarity to “Necessity” Certification

On May 13, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury posted additional guidance on eligibility for the Paycheck Protection Program (PPP) by updating the SBA’s Frequently Asked...more

CARES Act - The SBA’s Paycheck Protection Program: New FAQs Regarding “Necessity” Certification

On April 23, 2020 and April 28, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury posted additional guidance on eligibility for the Paycheck Protection Program (PPP) by updating its...more

Coronavirus Aid, Relief, and Economic Security Act (CARES Act): Paycheck Protection Program Summary - Update April 2020

Originally published April 7, 2020 – Last updated April 27, 2020 On March 31, 2020, the U.S. Department of the Treasury and the U.S. Small Business Administration (SBA) released a summary of the Paycheck Protection Program...more

Coronavirus Aid, Relief, and Economic Security Act (CARES Act): Paycheck Protection Program Summary

On March 31, 2020, the U.S. Department of the Treasury and the U.S. Small Business Administration (SBA) released a summary of the Paycheck Protection Program (PPP), which was enacted into law as part of the CARES Act. On...more

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