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On Saturday July 4, 2020, the President signed into law congressional bill S. 4116, extending the application deadline for Paycheck Protection Program (PPP) loans from June 30, 2020 until August 8, 2020.  Otherwise eligible businesses who have not previously obtained a PPP loan now have until August 8th to apply for the loan, while funds remain available. ___________ Rogers Towers... read more

On Tuesday June 16, 2020, the SBA posted a new short-form Paycheck Protection Program PPP Loan Forgiveness Application Form 3508 EZ, together with instructions (“PPP New Forgiveness Application EZ”), and a revised Form 3508 Paycheck Protection Program Loan Forgiveness Application, together with instructions (“PPP Revised Forgiveness Application”).  Copies of the PPP... read more

On Friday June 5, 2020, the President signed into law the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”), which makes a number of significant changes to the Paycheck Protection Program (PPP)  and eliminates the prohibition on employment tax deferral for PPP loan borrowers, as further described below. A copy of the PPP Flexibility Act can be... read more

On Friday May 22, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury contemporaneously issued two interim final rules with respect to the Paycheck Protection Program (PPP).  The first rule relates to forgiveness of PPP loans (SBA PPP Forgiveness Rule), and the second rule relates to the SBA’s process for reviewing PPP loan applications and loan... read more

On May 16, 2020, the U.S. Small Business Administration (SBA) issued the Paycheck Protection Program Loan Forgiveness Application (PPP Forgiveness Application) to be used by borrowers to apply for forgiveness of their Paycheck Protection Program (PPP) loans.   A copy of the new PPP Forgiveness Application can be obtained by clicking here. The PPP Forgiveness Application... read more

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