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The PPP Flexibility Act (the “Act”) would change the 75/25 rule. The Act states: “To receive loan forgiveness under this section, an eligible recipient shall use at least 60 percent of the covered loan amount for payroll costs, and may use up to 40 percent of such amount for any […]

Department of Health and Human Services Begins Delivery of Healthcare Provider Relief Funding under CARES Act As a part of the ongoing rollout of relief provisions under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, signed into law by President Trump on March 27, 2020, the Department of Health […]

As the COVID-19 pandemic continues to run its course in the United States, the economic impact has shuttered businesses across the country, resulting in job losses for millions of workers. The accompanying surge in unemployment benefit applications has resulted in historic numbers with the most recently reported week ending March […]