The SBA's Paycheck Protection Program Returns for 2021

摘要

On December 27, 2020, President Trump signed into law the "Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act" (the Economic Aid Act) as part of a larger legislative package funding the federal government through September 30, 2021. The Economic Aid Act includes a provision that reopens the Small Business Administration's (SBA's) Paycheck Protection Program (PPP), which provides forgivable loans to businesses to keep workers employed during the coronavirus (COVID-19) crisis.