Congress has passed legislation to extend the application deadline for small business loans, which President Trump has signed. The Paycheck Protection Program (PPP) loan application deadline has been extended through Aug. 8, 2020. Prior to the extension, the deadline...
The Small Business Administration (SBA) and Department of Treasury recently released a streamlined loan forgiveness application called the EZ Forgiveness Application. This newly released three-page EZ application is significantly shorter than the traditional loan...
On Wednesday, June 3, the U.S. Senate passed the Paycheck Protection Flexibility Act (PPFA), which makes changes to the forgiveness aspect of the Paycheck Protection Program (PPP). These PPP loan forgiveness changes include tripling the time that small businesses and...
On Friday, May 15, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application and instructions. The form and instructions inform borrowers how to apply for forgiveness for a PPP loan, consistent with the...
The Paycheck Protection Program (PPP) is part of the CARES Act that was signed into law on March 27 and includes $367 billion in federally guaranteed loans for small businesses. The loans are retroactive to February 15 and apply through June 30, which is about 10...