Highlights from the PPP Flexibility Act

The Paycheck Protection Program Flexibility Act introduces vital updates for PPP borrowers, including extended loan forgiveness periods, adjustments to payroll vs. non-payroll cost ratios, and new safe harbors for wage and FTE reductions. The Act also provides flexibility for loan repayment and payroll tax deferrals. These changes aim to help businesses navigate financial challenges during COVID-19 recovery. Learn more about how these updates could benefit your organization.