1. PPPFA- President Trump signed the PPP Flexibility act into law. The law significantly eases many of the restrictions and conditions originally attached to the program.
2. Main Street Lending Program- The Fed also relaxed the rules on its soon to be launched Main Street direct lending program. The minimum loan amount was reduced to $250K and the loan term was extended to 5 years.
3. PPP Lenders: If you are interested in taking out a PPP loan, but have had a difficult time finding a lender, there are several SBA approved online lenders that we can direct you to. Please contact me at firstname.lastname@example.org today for more information.