President Trump Signs COVID-19 Emergency Relief Bill
After an unexpected delay during which he strongly criticized the stimulus legislation passed by Congress on December 21, President Trump signed the $900 billion COVID-19 emergency relief bill into law on December 27, 2020. The new legislation aims to help individuals, businesses, and organizations across the country to offset the devastating economic effects of the […]
Important Changes to the Paycheck Protection Program
On Friday June 5, 2020, the administration enacted the Paycheck Protection Program Flexibility Act (“PPPFA”) of 2020 which makes important changes to the original Paycheck Protection Program (PPP).
SBA and Treasury Release PPP Loan Forgiveness Application
On May 15, 2020, the Small Business Administration (“SBA”), in consultation with the Department of the Treasury, released the PPP Loan Forgiveness Application and related forms and instructions. The application and forms instruct borrowers how to calculate and apply for loan forgiveness and specify the supporting documentation to be submitted to lenders. Key aspects of […]
