The Paycheck Protection Program Flexibility Act of 2020 was enacted on June 4th as a means of providing relief to PPP borrowers as to requirements that were considered to be onerous. The podcast will review the provisions of the Act and identify potential opportunities and pitfalls created by the Act. Just as PPP borrowers’ management of their employees and payrolls were heavily influenced by the loan-forgiveness provisions of the CARES Act, this new Act may cause borrowers to revisit these issues and projections of loan forgiveness and repayment.

About the Larkin Hoffman Podcast Briefings

The Larkin Hoffman Podcast Briefings series was developed to discuss issues affected by the COVID-19 crisis. Our attorneys address corporate, employment, real estate, construction, franchise, bankruptcy, insurance, litigation, and other matters in this series. Over the next few weeks, there will be several podcasts on developing matters.

Larkin Hoffman is available to help. Please reach out for additional guidance.