New PPP Funding Hits the Streets – A Primer on What Businesses Should Know

Struggling businesses adversely impacted by the COVID-19 pandemic now have access to a second round of Paycheck Protection Program (“PPP”) stimulus funding enacted as part of the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”), which was signed into law on December 27, 2020. Applications for the prior round of PPP funding closed on August 8, 2020 after approval of more than $520 billion in loans guaranteed by SBA were extended through participating...
By: Bowditch & Dewey