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Author Archive for: "Andrew Demers"
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Congress Expands Paycheck Protection Program, Authorizes “Second Draw” Loans in 2021

February 1, 2021

On December 27, 2020, the Consolidated Appropriations Act (“CAA”) was signed into law. The CAA’s significant COVID relief stimulus includes an additional $284 billion in funding for small [...]

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    Congress Approves Significant Borrower-Friendly Changes To PPP Loan Program

    June 4, 2020

    On June 3, 2020, the Senate unanimously passed the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”, H.R. 7010).  The PPP Flexibility Act is a streamlined bill that [...]

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      SBA Publishes PPP Loan Forgiveness Application

      May 18, 2020

      On May 15, 2020, the SBA released its PPP Loan Forgiveness Application.  A copy of the application can be found on the SBA’s website and may also be available through your PPP lender. Key points [...]

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        PPP Loans: Updated Guidance from Treasury Department on Loan Oversight and Forgiveness

        May 14, 2020

        Background Since the Paycheck Protection Program (PPP) went live on April 3, 2020, over four million businesses across the country have been approved for PPP loans across two rounds of federal [...]

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          Congress Extends Critical PPP and EIDL Small Business Funding in $484 Billion Supplemental Stimulus Bill

          April 27, 2020

          With most of the initial funding appropriated for COVID-19 relief rapidly depleted, Congress increased funding on April 23, 2020 for two advantageous SBA loan programs.  The additional funding [...]

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            Federal Aid for Local Governments Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

            April 7, 2020

            On March 27, 2020, President Trump signed the CARES Act into law.  The CARES Act contains broad based financial measures aimed at providing immediate relief to unemployed workers, small and [...]

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              Economic Relief for Businesses Under The Coronavirus Aid, Relief, And Economic Security Act (The Cares Act)

              March 27, 2020

              In the late hours of March 25, 2020, the Senate took a historic step to advance the largest economic stimulus bill in U.S. history, the Coronavirus Aid, Relief and Economic Security Act [The [...]

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