Congress Modifies Forgiveness Rules For Paycheck Protection Program Loans
On June 5, President Trump signed into law the Paycheck Protection Program Flexibility Act which modifies certain provisions pertaining to the use and forgiveness of loans made under the Small Business Administration’s Paycheck Protection Program (PPP). First, the Act extends the covered period for PPP loans from 8 weeks to 24 weeks from the date the loan is disbursed, meaning the […]
Philadelphia LBE Bidder Must Include Subcontractor LBE Compliance With Its Bid
A recent Commonwealth Court decision has clarified what is required from a bidder for a City of Philadelphia (City) contract in order to be afforded the 5% bid preference for a certified local business entity (LBE) under the City’s local bidding preference ordinance. Under the City of Philadelphia local bidding preference ordinance, an LBE receives a […]
Christopher I. McCabe, Esq.
