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June 11, 2021
Loan Forgiveness Under Paycheck Protection Program and the Consolidated Appropriations Act, 2021

By Barry A. Furman, Esquire The Paycheck Protection Program (“PPP”), created as part of the Coronavirus Aid, Relief, and Economic Security (“CARES Act”), authorized loans to certain businesses affected by the COVID-19 pandemic.  If businesses use their PPP loans to pay qualified business expenses, the entire loan may be forgiven.  CARES Act Section 1106(i) excludes […]

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