By far the most intriguing, and often confusing, aspect of the Paycheck Protection Program (PPP) has been the loan forgiveness. When the PPP program was first announced many businesses yearned for support but were wary about taking on debt. The loan forgiveness aspect of the PPP transformed the program into the lifeline businesses sought. The …
Monthly Archives: May 2020
Update: Payment Protection Program — Good Faith Certification
The Paycheck Protection Program has been a critical lifeline for many businesses during the current economic crisis. However, for a multitude of reasons, the requirements concerning the program have been a moving target. An area of great concern for many organizations is the good-faith certification. The CARES Act set the certification requirement for the program …
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