COVID Relief Bill: Changes to PPP Loans and New Lending Terms

On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (“2021 Act”), which contains the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“Economic Aid Act”). The acts contain changes to the Paycheck Protection Program (“PPP”)…

January 10, 2021

PPP Loan – Updates and Resources

If you’ve received a PPP Loan, you are eligible for loan forgiveness for the amounts spent on authorized expenses over the appropriate time period. In general, the PPP Loans used for payroll costs include: Salary, wage, commission or similar compensation…

May 21, 2020