NEW Paycheck Protection Program Flexibility Act

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Click here to download the slides.

The PPP loan program has been updated again. The PPP Fexibility Act, signed by the President on June 5th, provides more flexibility in the PPP, which results in a greater opportunity for total loan forgiveness. These changes will impact all dealers who received a loan. 

Key components of this webinar include:

  • Reduction in percentage of funds that must be allocated to payroll costs

  • Options to expand covered period from 8 weeks to 24 weeks

  • Bringing back employees can be delayed - for how long?

  • Which loan conditions have not changed by the updated PPP

  • New FTE forgiveness rules

Presenters:

  • Justin Goldberg, Esq.
    Arent Fox LLP

  • Christopher Koenig, Esq.
    Arent Fox LLP