Tag Archives: PPP

A hallmark of the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was the creation of the Paycheck Protection Program (PPP) which, in general terms, allowed an employer with fewer than 500 employees to obtain forgivable loans equal to 2.5 times its average monthly payroll costs (capped at $10M) provided the funds were used forContinue reading “PPP loan extension becomes law.”