Paycheck Protection Program Loan Availability and Spending Period Extended; Loan Recipients to be Publicly Identified
July 14, 2020 - On June 5, 2020, the President signed into law the Paycheck Protection Flexibility Act of 2020, which amends the Paycheck Protection Program established under the CARES Act. While immensely popular, the PPP has also been criticized for being quite restrictive in how and when the PPP loan proceeds could be spent. The PPP Flexibility Act relaxes some of the key restrictions and gives borrowers more time and flexibility to use their PPP loan proceeds. Our client alert discusses the latest changes.
PDF of the Client Alert: Paycheck Protection Program Loan Availability and Spending Period Extended; Loan Recipients to be Publicly Identified.
Related Practices
Clients rely on our corporate lawyers' business judgment, legal advice, market knowledge and analytical skills to identify legal and business issues and solve problems.
Our Executive Compensation & Employee Benefits Practice represents companies and individuals in virtually all aspects of the employment relationship and in a wide variety of industries. We provide strategic advice and offer creative, commercial solutions designed to achieve favorable outcomes for our clients.
Our Bankruptcy, Restructuring & Governance Practice employs a multidisciplinary approach to distressed situations with a focus on proactive, creative, commercial and value-added effective solutions and strategies.
Our Commercial Lending & Finance team represents financial sponsors, strategic buyers and sellers, operating companies, top-tier leverage buy-out and private equity firms, banks, mezzanine lenders, hedge funds and other financial institutions and parties in a variety of financing transactions.
