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Congress Makes PPP Loans More Versatile for Borrowers

Congress Makes PPP Loans More Versatile for Borrowers

  • Congress has delivered bipartisan legislation to alter the U.S. small company management (SBA) Paycheck Protection Program (PPP) to President Donald Trump for their signature.
  • The Paycheck Protection Program Flexibility Act of 2020 (freedom Act), which passed the U.S. House of Representatives on might 28 by way of a 417-1 vote and the Senate on June 3 without objection, includes a few significant updates impacting both borrowers and loan providers playing this system.
  • This Holland & Knight alert describes several of the key modifications that the flexibleness Act makes to your PPP, along with a few brand brand new concerns that it raises.

On June 3, 2020, Congress delivered bipartisan legislation to change the U.S. (mais…)

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