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Application portal open for second draw of PPP loans Application portal open for second draw of PPP loans By Patrick Huddleston | January 21, 2021 at 9:53 AM EST - Updated January 21 at 9:35 PM The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a loan to apply for a Second Draw PPP Loan with the same general loan terms. A borrower is generally eligible for a Second Draw PPP Loan if he or she: Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses Has no more than 300 employees; and Can demo...

2021 Labor and Employment Spotlight: A List of Key Legal Updates for Employers, January 13, 2021, Nichole Atallah, Sara Nasseri, and Sarah Nash Undeniably, 2020 was a year like no other. Faced with a global pandemic and a tumultuous election, employers were presented with a unique set of challenges and a myriad of new—and at times, very vague—laws and regulations. Despite the start of a new year and a new administration in just a week, much of 2020 still lingers on, including some of its novel policies. However, the new year and new administration also signal a shift in direction for labo...

The Coronavirus Aid, Relief, and Economic Security Act (as amended and modified, the “CARES Act”) was enacted to provide immediate assistance to individuals, families, and businesses...

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, has re-opened the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders.

Second wave of Paycheck Protection Program loans has started. Here’s what to know A second round of low-interest and potentially forgivable federal loans to businesses hit hard because of the COVID-19 pandemic is underway. The Small Business Administration began accepting loan applications for Second Draw Paycheck Protection Program Loans on Wednesday, Jan. 13, and will accept them until March 31, according to the SBA website. The new program is part of the $900 billion COVID-19 relief bill that was signed into law on Dec. 27. Congress approved the first PPP as part of th...