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On Friday, June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA) after it was nearly unanimously passed by the House and Senate. The PPPFA relaxes the requirements for PPP loan forgiveness and gives businesses more time to pay back their debt.
Learn the details of how small businesses and entrepreneurs can apply to have their PPP loans forgiven.
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act. The law provides $349 million in Paycheck Protection Program loans for small businesses, which have been devastated by the coronavirus pandemic.
