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Client Advisory: The Paycheck Protection Program (“PPP”) FAQs

The Paycheck Protection Program (“PPP”) started with a bang. Loans totaling $349 billion have been approved, and have been or will soon be funded. Congress and the White House are close to approving an additional $250 billion for more PPP loans.

Many questions have been raised. This Client Alert addresses a number of the issues raised by Gesmer Updegrove clients.