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Category: Banking & Finance

Banking & Finance

The Payroll Protection Program Flexibility Act

On June 5, 2020, President Trump signed the Payroll Protection Flexibility Act (the “PPPFA”) into law. The PPPFA modifies the statutes, rules, and guidance relating to the Payroll Protection Program (“PPP”). The following is a summary of the noteworthy provisions of the PPPFA. 1. For New PPP loans, Loan Maturity […]

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Mon Jun 8, 12:24pm

Banking & Finance

SBA’s PPP Loan Forgiveness Application and Instructions: Notes of Significant Items

On Friday, May 16, 2020, the Small Business Administration (“SBA”) published its Paycheck Protection Program (“PPP”) Loan Forgiveness Application and Instructions (the “Forgiveness Application”). The Forgiveness Application not only sets forth the method by which borrowers must calculate the PPP loan forgiveness amount, but also includes new rules and guidance […]

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Fri May 22, 10:03pm

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