Tag Archives: loan forgiveness

Congress Passes the Paycheck Protection Program Flexibility Act

CALL NOW! Congress has just passed the Paycheck Protection Program Flexibility Act, which President Trump is expected to sign into law.  Significantly, this bill extends the time that businesses have to spend Paycheck Protection Program (“PPP”) loan funds and changes the PPP forgiveness rules.  Important aspects of the bill are summarized below. The Paycheck Protection… Read More »

Employers Must Have an Updated IIPP; New Guidance Regarding Forgiveness for PPP Loans

CALL NOW! COVID-19 Considerations For Injury Illness Prevention Program (IIPP) Q.  Does an employer need to have an IIPP? A.  Yes. California law requires every company doing business in California to have a written and effective IIPP (Labor Code § 6401.7 and 8 CCR § 3203.). Q.  What does an IIPP need to include? A.  An IIPP must… Read More »

New PPP Guidance Regarding Certification of Necessity – Eviction Moratorium Updates for City and County of Los Angeles

CALL NOW! For PPP Loans Less Than $2 Million, Presumption That Required Certification Regarding Necessity In Good Faith New guidance posted by the U.S. Small Business Administration (SBA) on May 13, 2020, provides that businesses that together with their affiliates that accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to… Read More »

COVID-19 (Coronavirus) – Highlights of CARES Act

$2 Trillion Dollar Stimulus Bill Signed into Law – But Will it Help You? President Trump has signed into law a $2.2 trillion economic stimulus package known as the “Coronavirus Aid, Relief and Economic Security (CARES) Act.” Among other things, the Act allows certain eligible small and medium sized businesses to receive federal loans to cover… Read More »