Over the weekend, President Trump signed into law a bill extending the application deadline under the Paycheck Protection Program (PPP) to August 8, 2020. The application window had closed as of June 30th, but has now been re-opened for an additional five weeks.
Our most recent Alerts regarding PPP loans and forgiveness are available at Treasury and SBA Release New PPP Loan Forgiveness Guidance and New PPP Law Provides Further Relief for Small and Medium-Sized Businesses.
If you have any questions about whether or how these facilities may apply to your business, please contact Jason Navarino, Rich Lomuscio, Hannah Greendyk or any member of Riker Danzig’s Corporate and Tax Departments.
Please visit Riker Danzig’s COVID-19 Resource Center to stay up to date on all related legal issues.