SBA Releases New Guidance and PPP Loan Forgiveness Application
June 22, 2020 10:13 pmIn response to changes made to the PPP loan program by the Paycheck Protection Program Flexibility Act of 2020 (which... Read More
Tag Archive: loan
New Stimulus Bill Replenishes Small Business Loan Programs
April 25, 2020 1:35 pmOn April 24, the President signed the Paycheck Protection Program and Health Care Enhancement Act (the “Act”) into law. Among other things, the Act allocates over $300 billion to replenish the Paycheck Protection Program (“PPP”), including $60 billion specifically set aside for loans made by community-based banks and smaller lenders. The Act also increases Economic Injury Disaster Loan (“EIDL”) program appropriations by $50 billion, and EIDL grant program funds by $10 billion.