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PPP Borrowers Can Apply for Forgiveness Early

In a recent interim final rule, the Small Business Administration (“SBA”) clarified that borrowers of paycheck protection program (“PPP”) loans could apply for loan forgiveness prior to the end of a borrower’s covered period...more

Congress Passes PPP Flexibility Act

On June 3, 2020, Congress passed the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”).  The Flexibility Act modifies several aspects of the forgiveness of paycheck protection program (“PPP”) loans...more

SBA Releases PPP Loan Forgiveness Application

The Small Business Administration (“SBA”) has released the application for the forgiveness of paycheck protection program (“PPP”) loans.  Intended to provide a resource for small businesses to maintain their workforces, these...more

SBA Releases Guidance on PPP Good Faith Need Certification

On May 13, 2020, the Small Business Administration (“SBA”) updated its Frequently Asked Questions on the Paycheck Protection Program (“PPP”) loans with a new Question 46 regarding a borrower’s certification that its PPP loan...more

Paycheck Protection Program: Where Are We Now?

Over a month has passed since the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law, creating the much-discussed paycheck protection program (“PPP”).  The PPP has been subject to...more

U.S. Senate Approves Additional Funding for Small Business Relief

On Tuesday, April 21, the U.S. Senate passed the Paycheck Protection Program and Health Care Enhancement Act (the “Enhancement Act”), which is intended to, among other things, replenish the depleted funds for the paycheck...more

So You Qualify for a Paycheck Protection Loan... Now What?

Since the end of last week when the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) was signed into law, there has been a lot of discussion about the new Small Business Administration (“SBA”)...more

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