Broker Alert: President Signs PPP Flexibility Act

September 28, 2020

On Friday, June 5, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act, clearing the way for more flexibility and forgiveness of the loans made through the PPP. Originally these loans, which were part of the CARES Act, were provided to help business owners cover payroll costs, rent, and utilities.

The newly enacted legislation states that:

If you have any questions, please contact Misty Baker at or David Mordo at

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