The Partnership hosted a webisode to review updates to the Paycheck Protection Program and explain the Paycheck Protection Program Flexibility Act.
The Paycheck Protection Program Flexibility Act was passed by both Congress and the President. The bill modifies the current PPP program with critical and important changes designed to make it easier for businesses to receive the loan forgiveness.
Attendees heard from Steve Turner, Principal in the firm’s commercial division at The Bonadio Group and recieved an overview of the changes made to the current program, the benefits to businesses and some new stipulations that employers to be aware of, such as:
- Triple the time to use your loan
- Business owners can get PPP and payroll tax deferral
- Extends the rehiring time period Provides more
- flexibility for COVID-19 impacted businesses
- New application deadlines and eligibility guidelines
Watch the Presentation Below
The Buffalo Niagara Partnership is committed to providing employers with the latest information and resources to help you deal with COVID-19 and its impact on our community, state and nation. Visit our Events Page and Resource Page, as they are updated regularly to provide you with the most current information.
Have additional business questions? We’ve got answers through the BNP Business Link, our new rapid response portal. Get connected to our team of subject matter experts, supported by expert member companies ready to confidentially answer your pressing business concerns.
Thank you to our member for their expertise: