***Due to the Coronavirus-related orders issued by Mecklenburg County, GCAA office is open on a limited basis. Staff will be working in office Tuesday-Thursday until September 1 and are available by e-mail and phone. We also welcome visits from our members who have a scheduled appointment with one of our team members. Please check our website at www.greatercaa.org for timely updates and pertinent information. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

H.R.7010 - Paycheck Protection Program Flexibility Act of 2020

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On June 5, President Trump signed into law the Paycheck Protection Program Flexibility Act which makes changes to the Paycheck Protection Program (PPP) which makes for a more user friendly for businesses who have struggled to meet the terms of the loan forgiveness provisions.  Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan with a remaining balance after forgiveness. The bill also extends the covered period during which a loan recipient may use such funds for certain expenses while remaining eligible for forgiveness. The bill raises the…

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