Coronavirus (COVID-19) Update: Payroll Protection Program Flexibility Act 2020 Passed
Coronavirus (COVID-19) Update:
Payroll Protection Program Flexibility Act 2020 Passed
On June 3, 2020, Congress passed the Payroll Protection Program Flexibility Act (PPPFA), which amends the Payroll Protection Program (PPP) to address several key concerns raised by small businesses. The new legislation, signed today by President Trump, will help employers by creating more flexibility in how and when the PPP loan funds are used while still having the loan forgiven. Some key changes are: