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Second Stimulus Bill PPP Loan Changes and Eligibility for Second Loans

Fraser

The Paycheck Protection Program (“PPP”) was created as part of the CARES Act , passed last spring, which amended the Small Business Act (“SBA”) to provide short term loans to companies with fewer than 500 employees. Existing PPP Loans. The Act repealed this provision. Second PPP Loans for Eligible Borrowers.

Loans 55
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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. For more information, click here. For more information, click here.