Client Alert: Amending the CARES Act: Relief Under the Paycheck Protection Program Flexibility Act of 2020

This Client Alert discusses the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”), which, among other things, amends the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) to make it easier for recipients of Paycheck Protection Program (“PPP”) loans to qualify for forgiveness. For more information on the eligibility and loan requirements and loan forgiveness under the PPP, please see our previous Client Alert.