Fox Horan & Camerini LLP
885 Third Avenue
17th Floor
New York, NY 10022
(212) 480-4800
Client Alert
The Paycheck Protection Program (PPP) has provided a crucial lifeline to small businesses facing economic uncertainty as a result of the Coronavirus pandemic, offering forgivable loans of up to $10 million. However, as shown by recent steps taken by federal authorities to root out – and prosecute – fraud and abuse of the PPP, PPP loan applicants must be vigilant to ensure their compliance with the PPP’s requirements. Our firm has prepared this Client Alert to provide an overview of the PPP’s requirements, describe ongoing PPP-related prosecutions, and recommend best practices in seeking and using PPP loan funds.
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Camerini LLP, 885 Third Avenue, 17th Floor, New York, NY 10022, (212) 480-4800.