Treasury Updates Guidance/Tightens PPP

The US Treasury Department this week released an updated guidance document for the Paycheck Protection Program along with an updated FAQ that can be critical for many borrowers. The new rules (Question #40) provide that an employer will not be penalized regarding loan forgiveness, if they offer a laid-off employee their job back and the…

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SBA Extends Safe Harbor for PPP Loan Returns

The US Department of the Treasury and the Small Business Administration (SBA) this week also issued new guidance on the question of who is actually eligible to receive a Paycheck Protection Program loan (PPP). This information is critical!  Franchisee law firm Dady & Gardner, P.A. advises that when businesses applied for a PPP loan, they…

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