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Paycheck Protection Program Flexibility Act (PPPFA)

What the Paycheck Protection Program Flexibility Act Means

PPPFA Changes and Impacts on You

On June 5, 2020 the President signed a new law called the Paycheck Protection Program Flexibility Act. This new bill was passed in hopes that it will make it easier for business owners to apply for and receive full forgiveness on PPP loans. There were 5 major changes to the original provided guidance. 


Check below to see the Top 5 Changes you need to know about the new PPPFA:


First Change to the PPP LoanHelps by reducing the amount of loan needed to be spent on payroll from 75% to 60%This increases the amount of funds available for your other expenses from 25% to 40%!


Second Change to the PPP LoanGives business owners flexibility. Instead of having to spend the money in just eight-weeks after the funds were received, you'll now have twenty-four-weeks.


Third Change to the PPP LoanPushes back the deadline to rehire workers in order for their salaries to count towards forgiveness from June 20, 2020 to December 31, 2020


Fourth Change to the PPP LoanEases rehire requirements by including additional exception rules. Prior, only employees who rejected an offer to be rehired could be exempt. Now,

  • If you're unable to rehire an individual who was an employee (your employee refuses to return for whatever reason) on or before February 15, 2020,
  • You're able to demonstrate an inability to hire similarly qualified employees on or before December 31, 2020 or,
  • You're able to demonstrate an inability to return to the same level of business activity as you were operating at prior to February 15, 2020.

Fifth Change to the PPP LoanExtends your repayment term from 2 years to 5 years - in the event loans or portions of them aren't forgiven.



Next Step to PPP LoanWhile these changes increase the amount of time you have to document, track and apply for forgiveness - you need to be performing these functions right now. Our team can help ensure that you'll be ready to apply for forgiveness.

We understand that with all the changes and new laws brought on by the pandemic, you likely have a lot on your shoulders. So, click here to read 3 simple steps to learn how we can help you get back to doing what you do best – managing your business. 

RBSK Staff is Able to Advise You on the PPP Loan Forgiveness Application
RBSK’s staff has completed advanced training courses to ensure we will be able to accurately advise you on the PPP Loan Forgiveness Application and assist you through these unprecedented times.  


For more information visit our COVID-19 Guidance Center.

Where to Find Info About COVID-19Tips of where to get your information about the virus
Centers for Disease Control and Prevention
Indiana State Department of Health News
World Health Organization

Where to find local updates about the virus
Decatur County Health Department Facebook Page
Bartholomew County Health Department Facebook Page
Ripley County Health Department Facebook Page
Franklin County Health Department Facebook Page
North Vernon Plain Dealer & Sun Homepage

We are committed to serving clients with care, and we are confident we are taking precautionary measures to promote the health and safety of our staff and clients. We know that this is a stressful time for everyone, and we hope that you, your family and our community stay safe.

Contact RBSK Payroll

Please call us at 812-222-1559 if you have any questions

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