Things to Know about PPP Loans and COVID-19 Leave Laws

April 7, 2021

By: Elizabeth L. Morgan and Theresa E. Rusnak

As a bonus to Bond’s April 6 webinar about the evolving legal implications of COVID-19 for business, attorneys Elizabeth L. Lehmann and Theresa E. Rusnak each recorded a short video to address some frequently posed questions.

In her video, Liz provided some tidbits about the Paycheck Protection Program (PPP) for eligible borrowers who haven’t obtained PPP loans yet or have secured loans and are now looking ahead to forgiveness. Among the morsels: Application eligibility for the federal loans has been extended through May and expanded to include more nonprofit entities. 

Theresa answered questions about COVID-19 leave laws in her video. Specifically, she discussed which laws apply when a school closes or a child care provider is unavailable due to COVID-19. In those cases, we’re still dealing with the federal emergency paid sick leave and extended Family Medical Leave Act (FMLA) provided by the Families First Coronavirus Response Act (FFCRA). Similar leave has not been approved at the state level so far. Theresa also talked about approved state and federal leaves available for vaccinations. 

The full presentation covered the following topics:

  • Putney Twombly Lawyers Join Bond
  • PPP “To Do” List
  •  COVID-19 Leave Related Hypothetical Case Studies
  • COVID-19 Emerging Student Vaccination Requirements on College Campuses
  • Update from Albany

Click here to view the webinar in its entirety or to register for upcoming Tuesday presentations.