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PPP Forgiveness Changes

Just this week Congress passed legislation to relax some provisions of PPP loan forgiveness.  The original PPP legislation was passed in April with $359 billion in funding to assist small business through the coronavirus pandemic; the funds were quickly exhausted.  Addtional funding of $310 billion was subsequently approved but demand has waned due to concerns about program rules.

Recent provisions include:

These changes are welcome news for businesses concerned about having to repay the loans in full if the restrictions are not met.

Newsletter Archive

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  1. Posted on: 2020-08-04
  2. Posted on: 2020-07-01
  3. Posted on: 2020-06-02
  4. Posted on: 2020-05-05
  5. Posted on: 2020-03-31
  6. Posted on: 2020-03-03
  7. Posted on: 2020-02-04
  8. Posted on: 2019-12-31
  9. Posted on: 2019-12-03
  10. Posted on: 2019-11-11
  11. Posted on: 2019-11-05
  12. Posted on: 2019-10-01
  13. Posted on: 2019-09-03