New Round Of PPP Loans And Tax Breaks In Year End Stimulus Package

After months of stalled negotiations, Congress finally passed the Consolidated Appropriations Act for 2021 (the “Act”), which includes a $900 billion stimulus package to support the ailing economy. The Act, signed into law by the President on December 27, 2020, includes an additional appropriation of $284.45 billion for the Paycheck Protection Program (“PPP”), which will be available for both new borrowers and some repeat PPP borrowers that meet specified criteria......
By: Tonkon Torp LLP

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