Congress has passed, and the President has signed into law, the PPP Flexibility Act of 2020 (the “Flexibility Act”). The Flexibility Act is designed to provide employers/borrowers who received, or will receive, loans under...more
The Small Business Administration has released regulations governing the Paycheck Protection Program (PPP). These regulations include a change in the previously announced interest rate from 0.5% to 1.0%, and clarification...more
The Department of Treasury has released a proposed application for the recently approved SBA Paycheck Protection Program loans, as well as supplemental information for borrowers and lenders, all available on its website. The...more