Federal legislation was enacted earlier this week that extends the Paycheck Protection Program through August 8. The program was originally to expire on June 30. AGSC members seeking financial relief from the economic effects of the coronavirus crisis now have additional weeks to apply for aid from the program that provides loans that are
The Paycheck Protection Program (PPP) Flexibility Act was enacted in Washington last week to address concerns expressed by business owners and give borrowers additional time and flexibility to use the loan proceeds. The PPP was enacted as part of the March 27 CARES Act to provide quick relief to small
On Tuesday, the US Small Business Administration (SBA) and Treasury released the promised revised Form 3508 Paycheck Protection Program (PPP) Loan Forgiveness Application. Form 3508 can be found here, and its instructions here. The new streamlined form incorporates the PPP loan forgiveness changes contained in the recently enacted PPP Flexibility
On Thursday, the U.S. House approved a third Coronavirus relief package to further address the economic dislocation caused by the global pandemic. The Senate had passed the legislation on Tuesday and it is expected to be quickly signed by President Trump. The $484 billion piece of legislation includes: $322 billion