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Economic Aid Act – PPP Loan Program Reopened and Expanded | Ulmer & Berne LLP - Vimarsana News

Economic Aid Act – PPP Loan Program Reopened and Expanded | Ulmer & Berne LLP

To embed, copy and paste the code into your website or blog: On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law provides additional support to many small businesses. So far in the month of January alone, the Treasury Department (the “Treasury”) and the Small Business Administration (SBA) have issued over 200 pages of new interim final rules (the “Interim Rules”) and other written guidance related to modificati...

PPP 2 LOANS —A Second Opportunity for Eligible Businesses to Obtain Forgivable Loans | Katten Muchin Rosenman LLP - Vimarsana News

PPP 2 LOANS —A Second Opportunity for Eligible Businesses to Obtain Forgivable Loans | Katten Muchin Rosenman LLP

This advisory summarizes the terms, eligibility and application requirements of the new Payment Protection Program loan (PPP 2 Loans) under the Economic Aid to Hard-Hit Small...