covid-19
resources

covid-19
resources

Updated PPP Loan Forgiveness Applications and Instructions

On June 16, 2020, the SBA and Treasury Department released updated Paycheck Protection Program (“PPP”) loan forgiveness applications and instructions. The updated applications incorporate  changes to the PPP that were recently implemented by the Paycheck Protection Program Flexibility Act. There

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Necessity Requirement under the PPP

Last Updated: May 13, 2020 UPDATE: On May 13, the SBA and Treasury Department released FAQ #46, which provides that: Any borrower that, together with its affiliates, received PPP loans with a principal amount of less than $2m will be

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Loan Forgiveness under the PPP

Last Updated: May 15, 2020 UPDATE: On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act of 2020 (the “Act“), which changes many of the terms and features described in this note. Among other things, borrowers now

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