Key Highlights of New Round of PPP Loans Included in COVID Relief Package

On December 21, 2020, Congress approved a $900 billion COVID-19 relief package (the Consolidated Appropriations Act, 2021 (the “Act”)), which included revisions and extensions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Act authorized an additional $284.45 billion for loans to small businesses under the Paycheck Protection Program (PPP) and extended the program through March 31, 2021......
By: Foley Hoag LLP

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