Resources
News

Bill is Passed for Eased Restrictions on PPP Loan

June 3, 2020 Media Mentions
Forbes

On June 3, the Senate passed the Paycheck Protection Flexibility Act, easing the restrictions on how businesses spend their Paycheck Protection Program (PPP) loans, which may allow small business owners more room for qualifying for loan forgiveness. The new statute will give businesses more time to spend the loan and eases rules on how the money must be spent.

Business law attorney and author of several PPP guideline articles, Greg Fryer, is quoted multiple times in the Forbes article, "Why PPP Loan Forgiveness Might Get Easier." Although many more companies will now more easily qualify for 100% forgiveness, the application that a company must submit to seek forgiveness remains highly technical and time-consuming. Greg is hopeful that the large payroll companies will develop PPP payroll reports that make it easier for companies to complete the application.

For more information and to read the full Forbes article, click here.

Firm Highlights

Matter

Heating Oil and HVAC Systems Acquisitions

HVAC
Matter

Online Education Services Provider Acquisition

Teenage boy
Matter

Allagash becomes Maine’s First Benefit Corporation

Allagash Benefit Event
Matter

Banking: Establishment of Non-Depository Trust for National Company

Verrill served as special counsel to a national firm in the chartering and licensing of a Maine non-depository trust company as the client’s wholly-owned subsidiary. Non-depository trust companies are highly regulated, and the matter...

News

Eugene Ho Named “Go To Business Lawyer” by Massachusetts Lawyers Weekly List

(February 8, 2021) – Verrill attorney Eugene Ho was honored as a “Go To Business Lawyer” by Massachusetts Lawyers Weekly . The inaugural list, which is part of the publication’s new “Massachusetts Go To...

Publication/Podcast

New Reporting and Penalties for Small Business Owners

In the United States of America, what do a small restaurant owner, a real estate developer who wants to keep properties separate, a mom-and-pop store with fewer than 20 employees and a drug cartel...

Matter

Banking: Helping Non-Depository Trust Companies Do Business in Other States

Verrill has helped to form more non-depository trust companies in Maine than any other law firm. We have also helped our trust clients when they look to expand their business into other states. In...

News

Verrill Attorney Gregory Fryer Recognized as Top Author in JD Supra 2021 Readers Choice Awards

(April 8, 2021) – Verrill attorney Gregory Fryer was recognized as a top author for finance and banking in JD Supra’s 2021 Readers Choice Awards . The top ten authors were selected for each...

News

2021 JD Supra Readers' Choice Awards

JD Supra, a daily source of legal intelligence on a variety of topics, recognized law firms and top authors for their thought leadership in key topics in its 2021 JD Supra Readers' Choice Awards...

Publication/Podcast

PPP Forgiveness Planning Scenarios

How to use this article: You already know that the Paycheck Protection Program (PPP) is highly complex, with intertwining conditions, exceptions, and definitions that defy simple explanation. This article assumes that you are pretty...

Contact Verrill at (855) 307 0700