Just a few days ago, the Paycheck Protection Program (PPP) Flexibility Act of 2020 was signed into law. The new legislation makes several significant modifications to the PPP provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These modifications are important to dealers who have applied for and received PPP loans and who intend to seek loan forgiveness. NADA has revised its guidance on PPP loan forgiveness to reflect the PPP Flexibility Act’s modifications to the program and its impact on loan forgiveness.
NJ CAR hosted a brief webinar on June 10, 2020 with presenters Mike McMahon of Arent Fox and Lou Young of Withum, along with Jim Appleton and Anthony Anastasio from NJ CAR.
Access a copy of the slide presentation HERE.
Access Withum’s article, House & Senate Propose Changes To Impact CARES Act.
Access Withum’s article, Loan Forgiveness & The PPP Flexibility Act of 2020.
Access a recording of the webinar HERE or click below: