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Federal Government Makes Significant Moves to Instill Confidence in US Banking System

On Sunday evening, March 12, 2023, two extraordinary joint press releases were simultaneously issued by the U.S. Department of Treasury, the Federal Reserve Bank, and the Federal Deposit Insurance Corporation (FDIC). The...more

Economic Aid Act – PPP Loan Program Reopened and Expanded

On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law...more

The CARES Act – Paycheck Protection Program: Expanded SBA 7(a) Emergency Loans for Businesses

UPDATED March 31, 2020 –The Coronavirus Aid, Relief, and Economic Security (CARES) Act was just passed by Congress and signed by the president on March 27, 2020. It provides $2 trillion in much-needed emergency relief to...more

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