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The Paycheck Protection Program (PPP) Flexibility Act of 2020 updates several aspects of the SBA PPP. * On June 5, 2020, the PPP Flexibility Act of 2020 (the Act) was enacted impacting aspects of the SBA PPP. Key Developments 1. PPP loans made on or after June 5, 2020 shall have a minimum maturity of … Read more
Macro Commentary:Forecasters had their biggest miss ever on Friday in predicting the non-farm payrolls, which came in at 2.5 million after surveys said it would be -7.5 million. Models most likely failed to accurately account for the government’s relief response through the Paycheck Protection Program. The surge back was led by leisure and hospitality. As … Read more