Administrative Information and Resources

PPP Loan requests that resulted in loans of less than $2 million will be deemed to have been certified by the applicant in good faith

Information Type: PPP

Paycheck Protection Program Flexibility Act Extends Time for Using Funds from 8 to 24 Weeks; Reduces % of Funds That Must Be Used for Payroll; Extends Loan Repayment Period

On June 5, the President signed the Paycheck Protection Program Flexibility Act. This legislation makes some important positive changes to the Paycheck Protection Program: It extends the time period to use PPP loan funds and still qualify for loan forgiveness from 8 to 24 weeks. It reduces the amount of PPP loan funds that must …

Paycheck Protection Program Flexibility Act Extends Time for Using Funds from 8 to 24 Weeks; Reduces % of Funds That Must Be Used for Payroll; Extends Loan Repayment Period Read More »