Since my last information regarding the Payroll Protection Act, the federal government has made some changes to the program.
Below is the latest about the Paycheck Protection Program (PPP). The biggest change since our last email about the program was an interest rate change of 0.5% to 1.0%.
Inc.com has a good article with a few of the biggest changes listed: https://www.inc.com/brit-morse/paycheck-protection-program-temporary-changes-cares-act-small-business-loans.html
Here is the 31 page document from the SBA of all the latest changes: https://content.sba.gov/sites/default/files/2020-04/PPP–IFRN%20FINAL.pdf
U.S. Department of the Treasury PPP Borrowers Information Sheet: https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf
Small Business Administration PPP Information Sheet : https://www.sba.com/funding-a-business/government-small-business-loans/ppp/