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Originally published on April 14, 2020. Last updated as of January 10, 2021.
This client alert has been updated to reflect the recent changes and updates to the Paycheck Protection Program (the “PPP”), scheduled to re-open on January 11, 2021. On December 27, 2020, the Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law. Title III of the CAA, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, renews and extends the PPP until March 31, 2021, providing up to $284.45 billion of emergency lending for eligible small…
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