Overview
Law360 quoted Kate Jensen in an article titled "Senate Sends PPP Loan Flexibility To Trump's Desk." The article discusses the PPP Flexibility Act, which passed the Senate on June 3 by unanimous consent. The measure would give more time and flexibility to employers who receive forgivable loans from the Small Business Administration's Paycheck Protection Program.
Jensen says: "Making forgiveness eligibility more attainable would likely make the program even more popular. But because loan amounts are driven entirely by payroll costs and SBA has put out guidance discouraging certain types of businesses from taking loans, there seem to be other natural governors on the program's attractiveness."
The full article can be read at Law360 (subscription required).
