PPP Changes In Wake Of The Coronavirus Response And Relief S

PPP Changes In Wake Of The Coronavirus Response And Relief Supplemental Appropriations Act | Nexsen Pruet, PLLC


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The Internet is ablaze with news of the recently passed Coronavirus Response and Relief Supplemental Appropriations Act (Supplemental Act), which is part of the Consolidated Appropriations Act of 2021. Read on for how the Paycheck Protection Plan (PPP) changes in light of the Supplemental Act, as well as details about additional funding that is now available.
The Supplemental Act allows borrowers to use their PPP funds for additional forgivable expenses. Such expenses include:
Payment for any software, cloud computing, and other human resources and accounting needs.
Costs related to property damage due to public disturbances that occurred during 2020 that are not covered by insurance.

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