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Recently Passed Coronavirus Relief Bill Includes Changes to Paycheck Protection Program

President Donald Trump signed into law on Sunday, December 27, 2020 the omnibus spending bill to fund the federal government. This federal appropriations bill includes approximately $900 billion in targeted COVID-19 relief....more

SBA Reveals Questionnaires Aimed at Auditing Necessity of Large Paycheck Protection Program Loans

In a series of FAQs issued last spring, the Small Business Administration (SBA) made clear that it would review the certification made by Paycheck Protection Program (PPP) borrowers of $2 million or more that “[c]urrent...more

New Guidance on Who Qualifies for Payroll Protection Program Loans and How Much Money They Can Receive

One of the most significant provisions in the recently passed federal CARES Act is the Paycheck Protection Program (PPP). It makes available $349 billion to qualifying small businesses for low-interest loans to cover up to...more

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