Paycheck Protection Program: FAQs For Microbusinesses
By EsqSocial Corporation 18/01/21
On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act” (“Economic Aid Act”). The Economic Aid Act makes available approximately $284.5 billion in new Paycheck Protection Program (“PPP”) funding and reopens the PPP for first and second-draw loans on terms that are generally favorable to microbusinesses......
By: Lowenstein Sandler LLP