What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans (Updated 4/8/2021)
By EsqSocial Corporation 09/04/21
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans - On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to as the “Consolidated First Draw PPP IFR” or the “IFR”)......
By: Schwabe, Williamson & Wyatt PC