Paycheck Protection Program: An Update Moving Into 2021
By EsqSocial Corporation 01/02/21
For the last seven months, the U.S. Small Business Association (“SBA”) and U.S. Treasury Department have administered one of the Federal government’s widely supported COVID-19 response programs, the Paycheck Protection Program (“PPP”). Found within the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, the PPP has been a lifeline for millions of small businesses across the United States, in addition to many here in Virginia. In 2020, the SBA disbursed over $500 billion in forgivable...
By: Dunlap Bennett & Ludwig PLLC