Paycheck Protection Program
Flexibility Act

The Small Business Administration (SBA) has issued new rules and guidance, a modified borrower application form, and a modified loan forgiveness application implementing legislative amendments to the Paycheck Protection Program (PPP).  These modifications implement the following important changes:

• Updates rule on criminal history and expands PPP eligibility
• Extend the covered period for loan forgiveness
• Lower requirements of a borrower’s loan proceeds used for payroll costs
• Provide a safe harbor from reductions in loan forgiveness based on reductions in full-time equivalent employees
• Increase to 5 years the maturity of PPP loans that are approved by SBA
• Extend the deferral period for borrower payments of principal, interest, and fees on PPP loans
• June 30, 2020, remains the last date on which a PPP loan application can be approved

Temporary Café Zones

The purpose of the Temporary Café Zone expansion is to back the City’s restaurant businesses that have been heavily impacted by COVID-19 mitigation measures, and provide these businesses with the opportunity to expand their dining areas using outdoor spaces. This 30-day pilot program will run from now through Monday, June 22^nd.

The use of Temporary Café Zones requires online registration, which includes submitting a registration form with supporting documents (indemnification form and proof of insurance), along with other requirements. There is no fee to register.