Banking & Finance Biweekly Update: PPP 2.0 Economic Aid Act Reopens and Modifies the Paycheck Protection Program
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We are expanding our webinar series focusing on the CARES Act Title IV emergency financing facilities and related programs established by the Federal Reserve to include additional developments affecting financial institutions, and the forces—legislative, regulatory, economic and technology—shaping them.
In this segment, the eighth in our expanded series, we cover the following topics: a) key features of Economic Aid Act relating to reopened PPP; b) key aspects of Second Draw Loans, including revenue reduction and employee limits; c) the expansion of eligibility to certain types of businesses or organizations; d) the expansion of allowable uses of PPP loans; and e) single corporate group limits.