COVID-19 Relief: Loan Forgiveness Requirements and Loan Review Procedures for Renewed Paycheck Protection Program
By EsqSocial Corporation 26/01/21
On January 19, 2021, the Small Business Administration (SBA) issued a new interim final rule on loan forgiveness and loan review procedures for the Paycheck Protection Program (PPP), as reinitiated by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). The Economic Aid Act amended the PPP to allow forgiveness for PPP loan proceeds used for certain costs related to business operations, property damage, supplier costs and worker protection measures, in...
By: Pillsbury Winthrop Shaw Pittman LLP