Thompson | Thompson | Martin
Covid-19, Paycheck Protection Plan

Update on PPP Loans

The Paycheck Protection Program Flexibility Act was signed into law on June 5, 2020. The act contains the following provisions that will change how PPP borrowers can maximize forgiveness of their loans. 1. Repayment Period Extension For new PPP loans, the repayment period has been extended from two years to five years from the date

Thompson | Thompson | Martin
Covid-19, Paycheck Protection Plan

PPP Loans for Self-Employed Individuals

We hope you are doing well and continue to stay safe during these times. This newsletter is to update you on the recent Interim Final Rules issued by the SBA on April 14, 2020 and additional guidance regarding the Paycheck Protection Program (“PPP”) on April 2, 2020 which by be applicable to you and your