Benefits of the PPPFA for small business owners

Are you a small business owner who was able to benefit from the Paycheck Protection Program to help you through these COVID-19 times? ? If so, then there is more good news for you. On June 5, 2020, H.R. 7010, also known as the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”), was signed into law. The PPPFA makes significant amendments to the Paycheck Protection Program (“PPP”) that favor borrowers.

Read on to find out more about the new benefits you may be eligible for, and, just as importantly, the updated timelines allowed.