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ON-DEMAND INSIGHTS

PPP Application Deadline Extended

Posted by Michael Cashton on July 9, 2020 at 8:34 AM

Paycheck Protection Program

Last week, the Paycheck Protection Program (PPP) application deadline was extended from June 30, 2020 to August 8, 2020. According to reports from the Small Business Administration, the government agency that administers the PPP loans, approximately 4.9 million loans totaling over $520 billion have been approved, with about $130 billion in funding remaining to help small businesses. Congress is currently debating whether small, harder-hit businesses should be allowed a second round of funding under the program.

If you need assistance with any aspect of the government’s relief assistance provided for under the CARES Act, including the PPP and EIDL programs, please contact Michael Cashton at mcashton@outsidegc.com or (401) 744-9647 or visit our website’s Contact Us page. 

 

Michael Cashton is a member of our New England-based team and brings over 20 years of experience representing emerging businesses, major corporations, and individual entrepreneurs across a range of industries, including consumer goods, SaaS/PaaS, ad-tech, digital gaming, e-commerce, retail, food service, and arts/entertainment. Before joining Outside GC, Michael served as VP of Legal for Hasbro, Inc., an international consumer products and branded entertainment company. He can be reached at mcashton@outsidegc.com or 401-744-9647

 

 

Topics: CARES Act, SBA, Paycheck Protection Program, PPP, loan forgiveness

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Outside GC is an innovative approach to legal services for growing and mature businesses. Companies who engage Outside GC fall into two main categories: (1) those without in-house counsel who need regular, on-going legal support but do not wish to hire a full-time in-house lawyer, and (2) those with in-house counsel who do not wish to add more full-time resources to their existing in-house staff. Contact us to speak to one of our on-demand attorneys.