PPP Flexibility Act Summary

By Bill Peffer, Kenneth Siegel, and Lyle Wallace

On June 5, President Trump signed into law the PPP Flexibility Act of 2020 (the Flexibility Act). The Flexibility Act modifies numerous loan eligibility, loan forgiveness, and loan repayment aspects of the PPP created under the CARES Act.

The advisory outlines how the Flexibility Act can provide additional flexibility for the PPP borrower with respect to receiving PPP loans, maximizing PPP loan forgiveness, and assisting in PPP loan repayment for amounts that are not forgiven.

Read the full advisory HERE.