SBA Updates PPP Loan Forgiveness Application

The U.S. Small Business Administration and Department of the Treasury this week released a second application form for Paycheck Protection Program loan participants to use in applying for loan forgiveness along with important new guidance. In light of the changes implemented by the PPP Flexibility Act (PPPFA), which increased the covered period from 8 to…

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Congress Passes PPP Reforms

In a major victory for small businesses across the nation, and restaurants in particular, the U.S. Senate passed the Paycheck Protection Program Flexibility Act on Wednesday evening and sent it to the President, who signed it into law late yesterday. The legislation (H.R. 7010), which passed the House last week by an overwhelming vote of…

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