Can Your Firm Benefit from Updated PPP Loan Rules?
Management companies may get a boost from more business-friendly loan rules.
On June 5, President Trump signed into law the Paycheck Protection Program Flexibility Act, which made changes to the Paycheck Protection Program (PPP) to make it more user friendly for businesses. In short, the bill makes it easier for PPP borrowers to use the loans and receive forgiveness. This may be good news for companies that manage tax credit sites and already have a PPP loan—as well as those that apply for a PPP loan by June 30.