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The Paycheck Protection Program and Families First Coronavirus Response Act

March 27, 2020

The Paycheck Protection Program (PPP) promises $345 billion in aid for small businesses, helping to cover payroll and other expenses retroactively from February 15 through June 30, 2020.

Adams and Reese attorneys Chris Kane, Michael Berson and Greg Rouchell take an in-depth look at the PPP and its interplay with the newly mandated sick leave under the Families First Coronavirus Response Act (FFCRA) in a new on-demand webinar to help you understand:

  • Whether your business is eligible to receive aid under the PPP, including restrictions by company size and type
  • The terms and details of PPP loans
  • How PPP loans differ from SBA loans
  • What PPP loans can be used for, such as group health care benefits and mortgage interest payments, as well as notable exceptions to these categories
  • How PPP loan forgiveness might work, particularly how workforce reductions and reducing employees’ compensation could play a role
    • Interplay between CARES Act and FFCRA
    • CARES Act Amendments to FFCRA Mandated Sick Leave