SBA Releases Revised PPP Loan Forgiveness Application and a New EZ Application

On June 17, the SBA released a revised application form and instructions that companies will use to apply for loan forgiveness. The SBA also released a new EZ application form which reduces the calculations and documentation needed. The new EZ form can be used if any one of these apply: Borrower is a self-employed individual, […]

President Signs Paycheck Protection Program Flexibility Act (PPPFA) of 2020

On Friday, the President signed the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”).  The PPPFA will provide flexibility to borrowers to maximize the benefits provided by the Paycheck Protection Program (“PPP”) established as part of the CARES Act. This Act helps bring all borrowers of the PPP loan closer to obtaining full loan forgiveness. […]