The U.S. Small Business Administration and the Department of the Treasury announced Wednesday two new applications to seek PPP loans forgiven. One is more borrower friendly that accounts for changes made to the program through the Paycheck Protection Program Flexibility Act of 2020.
Dear valued clients and colleagues,
As an update to this post, the President has signed the Paycheck Protection Program Flexibility Act of 2020 today and it is now law.
The U.S. Senate approved sweeping changes to the Small Business Administration's Paycheck Protection Program Wednesday evening, making the program's lending terms more favorable. The bipartisan bill, titled the Paycheck Protection Program Flexibility Act of 2020, now heads to the President for his signature.
What do I do now that my company has received a PPP loan?
Well first and foremost, that’s great news! Here are our suggestions on how what to do now:
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