The U.S. Small Business Administration (SBA) recently announced its plan to require Paycheck Protection Program (PPP) lenders to issue “loan necessity” questionnaires to all borrowers of PPP loans of $2 million or more. On...more
On Friday June 5, President Trump signed into law the Paycheck Protection Flexibility Act which makes the following tweaks to the original terms of the Paycheck Protection Loan Program.
EXTENSION OF THE COVERED PERIOD
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6/9/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
Small Business ,
Small Business Loans ,
Tax Deferral ,
Trump Administration
With some necessary preparedness and a bit of luck, some U.S. small businesses were able to obtain some financial relief last week thanks to SBA loans through the Payroll Protection Program (“PPP”). For the 8 weeks beginning...more