Jul 22 2020 23 mins
The Payroll Protection Program (PPP) initiated by the Small Business Administration (SBA) at the onslaught of COVID-19 has been the saving grace for many small business owners. As with most things these days, the regulations and rules surrounding the utilization of the funds and forgiveness continue to change, making navigating these uncharted waters a challenge for borrowers and lenders alike.
In this week’s episode of Preferred Perspectives, Lindsey Berwick, partner at Jackson Walker and commercial financing expert, discusses these rapid changes and what they mean for borrowers.
In this episode Berwick and host, Morgan Matson discuss:
-Overview of PPP program
-Amendments allowing for more flexibility
-Maturity terms
-Various resources for more information
*Information shared in this podcast is not intended to be legal advice, rather a factual presentation of information. Preferred Perspectives urges you to contact Lindsey Berwick or other attorney to obtain legal advice concerning PPP loans.