Understanding the PPP Flexibility Act Changes

Understanding the PPP Flexibility Act Changes

Thu, Jun 11, 2020 2:00 PM – 3:00 PM EDT

With the swift passage of the PPP Flexibility Act in Congress and signed into law by the President, some of the limitations of the PPP as initially enacted have been modified. Though deadlines and spending requirements have been changed, and requirements to rehire employees have been altered, there are now more questions that require answers and for some borrowers time is running short. In our continuing effort to provide the community with assistance on this complex financial package we will highlight the changes in the law resulting from the PPP Flexibility Act and focus upon the issues which the new law has created.

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