Blog

Treasury Releases an Update to its FAQs on the PPP

May 13, 2020

The Treasury Department has released an update to its FAQs on the Paycheck Protection Program on the morning of May 13, 2020 to address the good-faith certification issue. 

PPP Safe Harbor Repayment Deadline Extended, Treasury Promises Additional Guidance

May 06, 2020

By: Will Johnson and Perry MacLennan

Late on Tuesday, May 5, 2020, the US Treasury Department extended the deadline for a safe harbor repayment of PPP loan funding from May 7 to May 14 and promised additional guidance on how the Small Business Administration will review the good-faith “necessity” certification prior to that time. 

Senate Passes Paycheck Protection Program and Health Care Enhancement Act to Add $310 Billion to Paycheck Protection Program

April 22, 2020

The United States Senate passed a bill on Tuesday, April 21, to increase the $349 billion cap under the Paycheck Protection Program (PPP). The “Paycheck Protection Program and Health Care Enhancement Act” would add another $310 billion in funding to the PPP, increasing the total amount to $659 billion.

Comprehensive Overview of the Paycheck Protection Program

April 14, 2020

By Will Johnson and Perry MacLennan

On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a historic $2 trillion stimulus package to provide financial assistance to individuals and businesses. One of the most important components of the CARES Act is the Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA). 
 

Interim Final Rule Implementing Paycheck Protection Program Issued

April 02, 2020

The Small Business Administration (SBA) issued an interim final rule on Thursday, April 2, to facilitate implementation of the Paycheck Protection Program, one of the hallmarks of the CARES Act signed into law on Friday, March 30. 
 

CARES ACT Stimulus Bill and Paycheck Protection Program Highlights and Upcoming Webinar Notice

March 30, 2020

On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a historic $2 trillion stimulus package to provide financial assistance to individuals and businesses.