PPP 2.0: Summary & Update on the Omnibus Government and COVID-19 Relief Funding Bill

Date Recorded: Thursday, January 21, 2021 – Watch on YouTube

This program provides a brief summary of the numerous COVID-19 support and relief programs that have been provided to date, as well as important updates resulting from the recent omnibus government spending and coronavirus relief package, which included an additional $900 billion for COVID-19 relief.

We also discuss updates about first- and second-draw applications under the Paycheck Protection Program (note that loan portals opened again on January 15th and January 19th, depending on the size of lender’s assets), the latest guidance on PPP loan forgiveness and taxation, and relevant highlights from the omnibus spending package.

MCMS thanks David Shapiro and Scott Mirsky from The Law Firm of Paley Rothman in Bethesda for this presentation.