Businesses Taking PPP Loans Face Potential Liabilities
The Coronavirus Aid, Relief and Economic Security Act (the CARES Act), signed into law by President Trump on March 27, 2020, established the Paycheck Protection Program (PPP) to provide financial relief to businesses impacted by the COVID-19 crisis. PPP loans are intended to be used primarily for payroll costs; however, given the complex and evolving […]
- Posted on: May 6 2020
