In a May 13 update of its PPP FAQ (see FAQ 46), the SBA said that all recipients of PPP Loans of less than $2 million will be deemed by the SBA to “have made the required certification concerning the necessity of the loan request in good faith.”
On April 21, 2020, the US Senate passed the “Paycheck Protection Program and Health Care Enhancement Act.” This relief measure, which is expected to be approved by the House of Representatives and signed by the President later this week, authorizes an additional $321 billion for the Paycheck Protection Program (“PPP”), which provides forgivable loans to …
Parishes Advised to Apply/Re-Apply Quickly for Newly Voted Additional PPP Funds Read More »
FAQ about the Federal Paycheck Protection Program, specifically prepared for the parishes of the diocese.
April 3 communication urging parishes to move expeditiously to apply for Federal CARES Act Paycheck Protection Program loans.