Paycheck Protection Loan — News — Law Office of David J. Quan

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…

David QuanApril 9, 2020PPP, Paycheck Protection Loan, Independent Contractors, 1099, Employment Law, COVID-19, Coronavirus

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.

David QuanApril 3, 2020PPP, Paycheck Protection Loan, COVID-19, Coronavirus, Employment Law, Business Loans, Treasury, Small Business Administration