Following weeks of speculation and negotiations, the Senate released its latest coronavirus relief package on Monday, July 27, 2020. Dubbed the “HEALS Act”, this $1 trillion GOP economic and stimulus…
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The Federal Reserve has recently announced that the Main Street Lending Program is now available for non-profit organizations seeking COVID-19 relief. On July 17, 2020, final terms were released for…
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On July 4, 2020, a five-week extension of the Paycheck Protection Program (PPP) was officially passed, extending the application deadline to August 8 (previously set to close on June 30). …
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On June 22, 2020, the Small Business Administration (SBA) issued its latest Interim Final Rule, providing borrowers and lenders with additional guidance surrounding the Paycheck Protection Program (PPP) loan forgiveness…
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On Monday, June 15, the Federal Reserve officially launched the Main Street Lending Program, a series of loan facilities aimed at supporting small to medium sized businesses combating the coronavirus…
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The swift passage of the Paycheck Protection Program Flexibility Act (PPP Flexibility Act) of 2020 has brought welcome relief to borrowers who may be nearing the end of the 8-week…
read more The Small Business Administration (SBA) issued two Interim Final Rules on Friday, May 22, 2020.
read more On May 18, 2020, the Small Business Administration (SBA) issued an additional Interim Final Rule surrounding certain circumstances in which aggregated affiliated borrower employee headcount exceeds 500. Provided the PPP…
read more On May 15, 2020, the Small Business Administration (SBA), in consultation with the Treasury Department, released the Paycheck Protection Program (PPP) Loan Forgiveness Application Form. A complete copy of the…
read more The SBA issued an additional Interim Final Rule on May 14, 2020. This latest Interim Final Rule includes a provision that allows qualifying partnerships to increase the amount of their…
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