THE PAYCHECK PROTECTION PROGRAM FLEXIBILITY ACT

by Alexandra P. Saddik and Jonathan R. Babione  On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA). The PPPFA is intended to provide employers with more flexibility in how they spend funds borrowed through the Paycheck Protection Program (PPP). Here are the main changes the PPPFA makes to the PPP: Loan Repayment Period: The PPPFA