--- title: Blog | Outside GC | Paycheck Protection Program description: Paycheck Protection Program | The Outside GC blog features practical tips, insights, and other news from Outside GC's experienced on-demand attorneys. Read our latest blog posts here. --- [![logo-small.png](https://62401.hs-sites.com/hs-fs/hubfs/Outside_GC_May_2015/Logos/logo-small.png?width=90&name=logo-small.png "logo-small.png")](http://www.outsidegc.com) - BLOG - ** --- ### Headquarters 501 Boylston Street, 10th Floor Boston, MA 02116 (617)-737-5000 info@outsidegc.com ![hero_news-events.jpg](https://62401.hs-sites.com/hs-fs/hubfs/Outside_GC_May_2015/Backgrounds/hero_news-events.jpg?width=1600&name=hero_news-events.jpg "hero_news-events.jpg") ## ON-DEMAND INSIGHTS [![More Paycheck Protection Program Funds Available](https://62401.hs-sites.com/hubfs/Paycheck-protection-program-application-for-small-business-payroll-support-from-federal-government-stimulus-bill-during-Covid-19-coronavirus-pandemic-1223189889_1258x839.jpeg) ](https://62401.hs-sites.com/blog/more-paycheck-protection-program-funds-available) ## [More Paycheck Protection Program Funds Available](https://62401.hs-sites.com/blog/more-paycheck-protection-program-funds-available) January 5, 2021 at 2:14 PM - [COVID-19](https://62401.hs-sites.com/blog/topic/covid-19), In December, Congress convened to discuss the federal government’s 2021 operating budget, resulting in the passage of the Consolidated Appropriations Act, 2021 (the “Act”) on December 27th. Nestled within its nearly 6,000 pages was a second COVID-19 stimulus package providing approximately $900B in pandemic aid, including a renewal of the Paycheck Protection Program (PPP) that was originally established under the CARES Act last Spring. [Continue Reading](https://62401.hs-sites.com/blog/more-paycheck-protection-program-funds-available) [![PPP Application Deadline Extended](https://62401.hs-sites.com/hubfs/iStock-1218907320.jpg) ](https://62401.hs-sites.com/blog/paycheck-protection-program-application-deadline-extended) ## [PPP Application Deadline Extended](https://62401.hs-sites.com/blog/paycheck-protection-program-application-deadline-extended) July 9, 2020 at 8:34 AM - [CARES Act](https://62401.hs-sites.com/blog/topic/cares-act), 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. [Continue Reading](https://62401.hs-sites.com/blog/paycheck-protection-program-application-deadline-extended) [![Paycheck Protection Program - Latest Updates](https://62401.hs-sites.com/hubfs/iStock-1218907320.jpg) ](https://62401.hs-sites.com/blog/paycheck-protection-program-latest-updates) ## [Paycheck Protection Program - Latest Updates](https://62401.hs-sites.com/blog/paycheck-protection-program-latest-updates) June 16, 2020 at 11:04 AM - [CARES Act](https://62401.hs-sites.com/blog/topic/cares-act), Since our [last update](https://www.outsidegc.com/blog/more-guidance-on-the-paycheck-protection-program), there have been several important changes to the Paycheck Protection Program under the CARES Act. On June 5th, Congress passed the [Paycheck Protection Program Flexibility Act](https://www.congress.gov/bill/116th-congress/house-bill/7010/text) (PPFA), effectively amending the PPP by modifying certain provisions related to loan forgiveness and loosening guidelines for borrowers. Also, in an on-going effort to support PPP borrowers, the Treasury Department has issued additional guidance, including new interim final rules and additional FAQs. Below are the key points of each: [Continue Reading](https://62401.hs-sites.com/blog/paycheck-protection-program-latest-updates) [![More Guidance on the Paycheck Protection Program](https://62401.hs-sites.com/hubfs/Small-business-loan-application-form-on-desk-1072117926_1258x838.jpeg) ](https://62401.hs-sites.com/blog/more-guidance-on-the-paycheck-protection-program) ## [More Guidance on the Paycheck Protection Program](https://62401.hs-sites.com/blog/more-guidance-on-the-paycheck-protection-program) May 8, 2020 at 3:18 PM - [coronavirus](https://62401.hs-sites.com/blog/topic/coronavirus), Although the Paycheck Protection Program (PPP) received [additional funding on April 24th](https://www.outsidegc.com/blog/additional-funds-for-paycheck-protection-program), many small businesses impacted by the COVID-19 health crisis still report difficulty with navigating the application process. The Treasury Department has responded by issuing more PPP-related guidelines and information on its [CARES Act assistance page](https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses). [Continue Reading](https://62401.hs-sites.com/blog/more-guidance-on-the-paycheck-protection-program) [![Additional Funds for the SBA's Paycheck Protection Program](https://62401.hs-sites.com/hubfs/Clipboard-with-small-business-loan-application-form-and-pen-on-desk-1150028178_1258x838.jpeg) ](https://62401.hs-sites.com/blog/additional-funds-for-paycheck-protection-program) ## [Additional Funds for the SBA's Paycheck Protection Program](https://62401.hs-sites.com/blog/additional-funds-for-paycheck-protection-program) April 24, 2020 at 1:36 PM - [coronavirus](https://62401.hs-sites.com/blog/topic/coronavirus), When the federal government announced the Paycheck Protection Program (“PPP”) several weeks ago, making available $349 billion for loans to small businesses impacted the COVID-19 health crisis, borrowers scrambled to submit loan applications in accordance with the “first-come, first-served” process. On April 16th, PPP funds were depleted, leaving many small businesses empty-handed. In response to the continued need, the government has approved additional funds for both the PPP and the SBA’s other loan program that can be used to reduce the impact of COVID-19, the Economic Injury Disaster Loan Program ("EIDL Program”). [Continue Reading](https://62401.hs-sites.com/blog/additional-funds-for-paycheck-protection-program) [![FAQ's issued by the SBA and U.S. Treasury Dept. for Paycheck Protection Program](https://62401.hs-sites.com/hubfs/Clipboard-with-small-business-loan-application-form-and-pen-on-desk-1150028178_1258x838.jpeg) ](https://62401.hs-sites.com/blog/faqs-paycheck-protection-program) ## [FAQ's issued by the SBA and U.S. Treasury Dept. for Paycheck Protection Program](https://62401.hs-sites.com/blog/faqs-paycheck-protection-program) April 9, 2020 at 6:09 PM - [COVID-19](https://62401.hs-sites.com/blog/topic/covid-19), [As previously shared](https://62401.hs-sites.com/blog/application-and-guidance-now-available-for-sba-paycheck-protection-program), the SBA’s Paycheck Protection Program under the CARES Act makes available $349 billion for loans to small businesses to help prevent their collapse during the COVID-19 public health crisis. Since the launch of the Program, the SBA has released [a formal application](https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Application-3-30-2020-v3.pdf), as well as two interim rulings about the Program (see rulings [one](https://home.treasury.gov/system/files/136/PPP--IFRN%20FINAL.pdf) and [two](https://home.treasury.gov/system/files/136/SBA%20IFR%202.pdf) here). Despite these efforts, many small businesses remain confused about the Program, including the application process itself. In an effort to provide more clarity, the government has released [a set of frequently asked questions (“FAQs”)](https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf) which address a variety of topics, including the following:   [Continue Reading](https://62401.hs-sites.com/blog/faqs-paycheck-protection-program) [![Comparing the SBA’s Economic Injury Disaster Loan and Paycheck Protection Programs](https://62401.hs-sites.com/hubfs/Small-business-loan-application-form-on-desk-1072117926_1258x838.jpeg) ](https://62401.hs-sites.com/blog/comparing-sba-economic-injury-disaster-loan-and-paycheck-protection-program) ## [Comparing the SBA’s Economic Injury Disaster Loan and Paycheck Protection Programs](https://62401.hs-sites.com/blog/comparing-sba-economic-injury-disaster-loan-and-paycheck-protection-program) April 9, 2020 at 10:34 AM - [COVID-19](https://62401.hs-sites.com/blog/topic/covid-19), Providing financial assistance to small businesses is one of the key roles played by the Small Business Administration (SBA), including the provision of emergency loans during times of crisis under its Economic Injury Disaster Loan (EIDL) program. When the Coronavirus Aid Relief and Economic Security Act (CARES Act or Act) was passed on March 27th, certain components of the EIDL program were enhanced under the Act, and an additional SBA section 7(a) lending program - the Paycheck Protection Program (PPP) – was introduced. Deciding which loan program is right for your business depends primarily on how you plan to use the proceeds of the loan. [Continue Reading](https://62401.hs-sites.com/blog/comparing-sba-economic-injury-disaster-loan-and-paycheck-protection-program) [![Application and Guidance Now Available for SBA Paycheck Protection Program](https://62401.hs-sites.com/hubfs/Clipboard-with-small-business-loan-application-form-and-pen-on-desk-1150028178_1258x838.jpeg) ](https://62401.hs-sites.com/blog/application-and-guidance-now-available-for-sba-paycheck-protection-program) ## [Application and Guidance Now Available for SBA Paycheck Protection Program](https://62401.hs-sites.com/blog/application-and-guidance-now-available-for-sba-paycheck-protection-program) April 3, 2020 at 12:18 PM - [COVID-19](https://62401.hs-sites.com/blog/topic/covid-19), Since announcing the [Paycheck Protection Program](https://www.outsidegc.com/blog/sba-paycheck-protection-program-under-cares-act), a component of the Coronavirus Aid, Relief and Economic Security Act or CARES Act, the Small Business Administration (SBA) has released both the loan application and additional guidance for prospective borrowers. The Program makes available $349 billion for loans to small businesses to help prevent their collapse during the COVID-19 public health crisis.  If you intend to apply for a loan under the Paycheck Protection Program (the “Program”), it is essential that you begin taking steps to do so NOW, including familiarizing yourself with the following key SBA updates: [Continue Reading](https://62401.hs-sites.com/blog/application-and-guidance-now-available-for-sba-paycheck-protection-program) ### Subscribe to our Blog ### Popular Posts [View All Posts ›](https://www.outsidegc.com/blog/all) [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2F62401.hs-sites.com%2Fblog%2Ftopic%2Fpaycheck-protection-program%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2F62401.hs-sites.com%2Fblog%2Ftopic%2Fpaycheck-protection-program%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2F62401.hs-sites.com%2Fblog%2Ftopic%2Fpaycheck-protection-program%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2F62401.hs-sites.com%2Fblog%2Ftopic%2Fpaycheck-protection-program%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Blog%20%7C%20Outside%20GC%20%7C%20Paycheck%20Protection%20Program) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2F62401.hs-sites.com%2Fblog%2Ftopic%2Fpaycheck-protection-program%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2F62401.hs-sites.com%2Fblog%2Ftopic%2Fpaycheck-protection-program%3Futm_medium%3Dsocial%26utm_source%3Demail) This publication should not be construed as legal advice or a legal opinion on any specific facts or circumstances nor an offer to represent you. 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