Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign

Last night, June 3, 2020, the U.S. Senate passed the Paycheck Protection Program Flexibility Act of 2020, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The bipartisan...

Breaking News: SBA Releases Paycheck Protection Program Loan Forgiveness Application

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. Late on May 15, the SBA released Form 3508, Paycheck Protection Program (PPP) Loan Forgiveness Application. Included in the 11-page document are the...

SBA EXTENDS PPP Loan REPAYMENT SAFE HARBOR TO MAY 18

Late Wednesday, May 13, the SBA added new FAQ #47 to their updated PPP Loan Guidance that PPP loans of less than $2 million will be deemed to have been made in good faith. Click here to view MCB’s article on FAQ #46.  FAQ #47 is copied below, and simply states that...

Breaking News: The Small Business Administration (SBA) has just released New PPP loan forgiveness guidance

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The SBA, in consultation with the Treasury Department, has just issued new PPP Loan Forgiveness Guidance and FAQs as of May 13, 2020. Specifically,...
X