Tag Archives: Paycheck Protection Program (PPP)

PPP Flexibility Act – Stretching forgiveness requirements to benefit employers

Last week, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, becoming effective immediately. The PPPFA reforms the Paycheck Protection Program (PPP), which was passed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and is intended to improve the terms of PPP loans obtained by small businesses to help cover payroll … Continue Reading

Employees refusing to return to work? The SBA offers some protection of PPP forgiveness

The SBA’s latest round of frequently asked questions (FAQs) about the Paycheck Protection Program (PPP) gives employers an important new tool to address one of the biggest challenges of trying to maximize PPP forgiveness: How to respond to employees who refuse to return to work by June 30, 2020. Loan forgiveness is the cornerstone of … Continue Reading

Newly-updated Main Street Lending Program implicates key workplace-related considerations for U.S. employers

On April 30, 2020, the Federal Reserve System, in conjunction with the U.S. Department of the Treasury, released updated guidance outlining the parameters of a program to support lending to small- and mid-sized businesses by eligible lenders.  The April 30 guidance expands on and, in several areas, supersedes prior materials published on April 9. Known … Continue Reading
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