On June 5, 2020, the president signed into law the Paycheck Protection Program Flexibility Act after it passed the Senate with a unanimous vote. The bill drafted by the House extends certain provisions of the Paycheck Protection Program (PPP) to provide small businesses with relief in the time frame and use of their PPP loan funds.
The most notable changes of the PPP Flexibility Act were:
June 30 remains the deadline for applying for a PPP loan. As of June 8, 2020, PPP funds are still available for funding. Contact one of our PPP Team Members for assistance with your loan forgiveness application.
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