Knowledge and Insights

Paycheck Protection Program Reloaded

April 2020

Donor Advised Funds: Efficient and Effective Planned Charitable Giving

On April 24, 2020, President Trump signed another Coronavirus relief package into law that included an expansion of the Paycheck Protection Program (PPP), making an additional $310 billion available to qualified applicants. The Small Business Administration began accepting new PPP applications on Monday, April 27, 2020. Although the additional funding is good news for many struggling businesses, various reports suggest these funds are likely to be depleted quickly.  PPP applications will be processed on a first come, first served basis starting with borrower applications already in the queue.

Frequently Asked Questions related to the PPP can be found here.

DISCLAIMER: This advisory resource is for general information purposes only. It does not constitute business or tax advice, and may not be used and relied upon as a substitute for business or tax advice regarding a specific issue or problem. Advice should be obtained from a qualified accountant, tax practitioner or attorney licensed to practice in the jurisdiction where that advice is sought.