To our clients and friends:
On April 6, 2020, the U.S. Department of the Treasury provided additional guidance and information (the “Treasury Guidance”) to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (“PPP”), which was authorized pursuant to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) recently signed into law.
Our Alert, which provides updated information about the PPP based upon the Treasury Guidance issued on April 6, 2020, is available here.