Archive for June, 2020

Congress Provides Borrowers Flexibility by Passing PPP Flexibility Act

Posted on June 4th, 2020 by Derek P. Hartman

Borrowers who participated in the Paycheck Protection Program (the “PPP”) have been given more flexibility to pay eligible expenses, such as mortgage interest, rent payments, and utilities, without jeopardizing their forgiveness amount. The President is expected to sign this change, among others described below, into law following the Senate’s passage of the Paycheck Protection Program…

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