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Paycheck Protection Program Flexibility Act Highlights

Posted by Anna Leo Holder. MBA on Jun 8, 2020 10:09:31 AM

The U.S. House of Representatives and the Senate passed the Paycheck Protection Program Flexibility Act (H.R. 7010), and the President recently signed it into law. The Flexibility Act is intended to liberalize aspects of the Paycheck Protection Program, as well as certain employment tax provisions, enacted as part of the CARES Act.

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Topics: Small Business Management, PPP loan, paycheck protection program, flexibility act

New PPP Loan Forgiveness Application and Instructions

Posted by Anna Leo Holder. MBA on May 18, 2020 2:36:41 PM

The Department of the Treasury and the Small Business Administration (SBA) released a new application and instructions for Paycheck Protection Program (PPP) loan forgiveness on Friday, May 15. The form and instructions aim to streamline the process and reduce the compliance burden for borrower forgiveness at the end of the eight-week covered period, which begins with the disbursement of the loan.

Even with the publication of this document, we expect to receive additional guidance and will share it once it becomes available.

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Topics: Loan forgiveness, PPP loan, SBA

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