PPP — News — Law Office of David J. Quan

New Law Provides Better Opportunity for Full Forgiveness of PPP Loans

Perhaps it was inevitable that a program that was slated to distribute more than $4 trillion in a little over 3 months could not take into account the vast array of circumstances, arrangements, and situations that were facing America’s small businesses. Many of those studying the program (including this author) had noted the various issues and, fortunately, Congress has sought to address at least some of the most glaring.

Paycheck Protection Program Loan Applications for Independent Contractors

TOMORROW is the day that Independent Contractors can apply for the Paycheck Protection Program loan made available via the new legislation recently passed to address the economic fallout from COVID-19. Here are things you will need to know…

Last Minute Revisions to Guidance for Paycheck Protection Loans

The Treasury Department and the Small Business Administration finally issued Interim Final Rules (IFR) on April 2nd hours before the loan program was to begin. On several key issues, the IFR establishes positions that are DIFFERENT from those stated in the Fact Sheet that Treasury issued on March 31st. Here are the key points you need to know.