Read more about the article Paycheck Protection Loans Are Back!
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Paycheck Protection Loans Are Back!

  The U.S. Department of Treasury and the U.S. Small Business Administration (SBA) have announced that beginning Monday, Jan. 11, applications will be accepted for the second round of loans in the SBA’s Payment Protection Program (PPP). This second round includes $284 billion in funding that was allocated for the PPP in the stimulus bill passed on Dec. 27, 2020. This round of funding will run through March 31, 2021. The second round of PPP loans provides eligibility to new borrowers and…

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Read more about the article Paycheck Protection Program Flexibility Act of 2020
Paycheck Protection Program PPP Loan forgiveness application form.

Paycheck Protection Program Flexibility Act of 2020

Since being established as part of the Coronavirus Aid, Relief and Economic Security Act in March 2020, the Paycheck Protection Program (PPP) has been the subject of additional stimulus bills, legal guidance, and interim final rules. In the latest development, Congress passed the Paycheck Protection Program Flexibility Act of 2020, which is a bill that provides borrowers with greater flexibility in spending PPP funds without compromising forgiveness eligibility. President Donald Trump signed the bill into law on Friday, June 5, 2020. What…

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