JD Supra

Restarting the Paycheck Protection Program

As described in our previous Alert, the appropriations act signed on December 27, 2020, revived the original Paycheck Protection Program, with some changes (now referred to as a “first draw” loan) and ...
JD Supra

Paycheck Protection Program: SBA Issues Guidance on First Draw and Second Draw PPP Loans and Releases PPP Applications Pursuant to the Economic Aid Act

On January 6, 2020, the SBA published its 26 th Interim Final Rule (the First Draw PPP IFR) and 27 th Interim Final Rule (the Second Draw PPP IFR)[1] with respect to the Paycheck Protection Program ...
The Business Journals

Revisiting the Paycheck Protection Program: A look at the improvements and other changes in the second round of the Paycheck Protection Program

The Paycheck Protection Program (PPP) enacted by Congress last year helped many businesses weather the initial economic impact of the COVID-19 pandemic. In December, Congress passed legislation for a ...