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PPP Redux: What's New for 2021 in the SBA Loan Program | Kelley Drye & Warren LLP


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On December 27, 2020, the Consolidated Appropriations Act, 2021 (“the Act”), was signed into law.  The new law both funded the U.S. government for the remainder of FY 2021 and made available a wide range of COVID-19 relief support, including The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”).
The Act reopens the Small Business Administration’s (“SBA”) Paycheck Protection Program (PPP), allowing businesses to apply for a loan for the first time or, in some cases, allowing existing PPP borrowers to apply for a second loan. In general, new first-time PPP borrowers will be subject to the PPP’s original eligibility rules as amended by the Economic Aid Act, and second-time PPP borrowers will be subject to the requirements outlined below. The Act includes significant modifications and extensions of the Paycheck Protection Program (“PPP”) including: ....

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Detailed text transcripts for TV channel - KGO - 20140512:10:30:00

This morning on world news now, seeking forgiveness. donald sterling breaks his silence on his racist remarks as his wife tells our barbara walters how she intends to fight to keep the team. the exclusive interview coming up. plus, billions of taxpayer dollars ending up in the hands of liars. the growing business of disability fraud. you won t believe how some people boldly flaunted their crimes. a picture of life and love. the amazing image that shows the bond between twin girls and why their birth is truly a mother s day miracle. shocking remarks from miley cyrus. she s known for her outrageous behavior, but this time she may have crossed a dangerous line. it is monday, may 12th. announcer: from abc news, this is world news now with john muller and diana perez. good monday morning. ....

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