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  • Payroll protection program

    On March 27, 2020, the Corona Virus Relief and Economic Security Act (“CARES Act”) became effective.  Included within the CARES Act is the Paycheck Protection Program (“PPP”), which authorizes the Small Business Administration (“SBA”) to guarantee loans to certain eligible small businesses.  One of the unique features of the PPP loans is that, unlike traditional SBA loans, the lender may request to have the principal amount of the loan forgiven.  There are limitations on the […]

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