Cavitch Familo & Durkin Legal Blog

For two months, businesses have plotted their course through the PPP framework, outlined in the CARES Act. Just as the 8-week periods for some loans end next week, the forgiveness rules could change significantly. Speaker of the House Nancy Pelosi has scheduled a vote...

Here are my main takeaways from the SBA’s forgiveness application, which was released May 15 and supplemented May 22, and then updated again June 15: Paid vs. incurred Statutory language/previous guidance: The CARES Act said that a borrower will earn forgiveness...