House Passes 2 Trillion Dollar Package, Featuring Loans Permitting Small Businesses to Make Payroll

March 27, 2020 by 1 Comment

In yesterday’s blog post we described the Paycheck Protection Program language from the Senate bill, which will allow loans for payroll, and has a program for forgiveness for some of those loans as well.

The House has voted to approve that bill this afternoon. The President has suggested hat he will sign this bill, so we hope to see it enacted into law very soon.

We hope that SBA will publish guidance permitting application as early as next week.

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About Jason Dickstein
Mr. Dickstein is the President of the Washington Aviation Group, a Washington, DC-based aviation law firm. Since 1992, he has represented aviation trade associations and businesses that include aircraft and aircraft parts manufacturers, distributors, and repair stations, as well as both commercial and private operators. Blog content published by Mr. Dickstein is not legal advice; and may not reflect all possible fact patterns. Readers should exercise care when applying information from blog articles to their own fact patterns.

One Response to House Passes 2 Trillion Dollar Package, Featuring Loans Permitting Small Businesses to Make Payroll

  1. richardbagdasarianvasaero says:
    April 8, 2020 at 2:49 pm

    Jason, other than the PPP and EIDL programs, do you agree the CARES Act, as currently written, does not provide any other relief for an aftermarket aviation part supplier? For instance through the aviation portions? Thank you, Richard Bagdasarian, VP, Strategy VAS Aero Services, LLC, richard.bagdasarian@vas.aero.com

    Reply

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