Our previous articles have summarized the Paycheck Protection Program (“PPP”) created under the Federal CARES Act: CARES Act: Paycheck Protection Program Loans, CARES Act: Loan Applications, and CARES Act: Loan Forgiveness Applications. 

This client alert provides information regarding the additional funding and guidelines for the PPP created by the new Consolidated Appropriations Act of 2021 (the “2021 Act”). Given this subject’s urgency and the complexity of the 2021 Act, this is simply a short summary to provide you a starting point for exploring relief that may ...