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Favorable Modifications to Paycheck Protection Program

Favorable Modifications to Paycheck Protection Program

On June 5, 2020, President Trump signed into law legislation known as the “Paycheck Protection Program Flexibility Act of 2020” or the “PPPFA” which modifies provisions under the Paycheck Protection Program (the “PPP program”) passed by Congress earlier this year. Changes under the PPPFA provide borrowers with greater flexibility regarding use of funds and loan … Read more