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PPP LOANS – ROUND 2 — Please note the Eligibility for a loss in revenue is 25 percent for any quarter of 2020.

PPP LOANS – ROUND 2 Please note the Eligibility for a loss in revenue is 25 percent for any quarter of 2020. On December 27, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“PPP2 Act”) came into law, changing rules for Paycheck Protection Program (“PPP”) loans, including...

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PPP Loan Forgiveness Application For Loan Forgiveness

      PPP Loan Forgiveness Application For Loan Forgiveness The Paycheck Protection Program Flexibility Act of 2020 (“PPF”), augmenting the Paycheck Protection Program Coronavirus Aid, Relief and Economic Security (CARES) Act (“PPP”) provides businesses more time and flexibility on the PPP loan repayment terms.  The U.S. Treasury, through the...

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PPP to PPPFA

Relaxed and More Flexibility Great news! Loans under the Paycheck Protection Program under the Coronavirus Aid, Relief and Economic Security (CARES) Act (“PPP”), and most importantly, the forgiveness requirements provisions have been somewhat relaxed as of this morning by passage of amendments to the PPP Act (“PPPFA”). The changes will...

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