New PPP Rules Provide Employers with More Options On June 5, 2020, the President signed the Paycheck Protection Flexibility Act (PPF) which loosens many of the requirements for existing and future borrowers to obtain forgiveness on Paycheck Protection Program (PPP) loans. The law takes effect immediately and clarifies that the deadline to apply for a…
The Small Business Administration (SBA) extended the repayment deadline for Payroll Protection Program (PPP) for businesses that initially took a PPP loan, but did not meet the self-certification requirements at the time that they applied for the loan. The deadline is now automatically extended from May 7, 2020, to May 14, 2020. Companies that were…
Be aware that scammers have already devised numerous methods of defrauding people in connection with COVID-19. Scammers are setting up websites, contacting people by phone and email, and posting disinformation on social media platforms. Below is a list of some examples of scams linked to COVID-19 and a link to a list of steps that…
