COVID-19 Guidance and FAQ

The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds of potential borrowers. To recap, SBA FAQ #31 augments the existing borrower good faith certification that…

On May 12, 2020, the House of Representatives released a $3 trillion, phase four economic relief package.  Dubbed “The HEROES Act”, The Health and Economic Recovery Omnibus Emergency Solutions Act…

The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds of potential borrowers.  To recap, the SBA’s recently released FAQ #31 augments the existing borrower…

On April 9, 2020, the Federal Reserve released terms surrounding the Main Street Lending Program, part of a historic $2.3 trillion loan and liquidity package designed to aid households and small businesses, as well as state and local governments.

On April 30, 2020, the Internal Revenue Service (IRS) released Notice 2020-32, providing clarity surrounding the federal tax implications of funds received under the Paycheck Protection Program (PPP).  Specifically, the…

In a continuing effort to clarify the questions and uncertainties surrounding the Payroll Protection Program (PPP), the SBA issued another set of FAQs on Thursday, April 23, 2020.