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Congress Revises PPP Rules: Allows PPP Second Round, Reverses IRS Position on Deductibility

Congress has come bearing gifts this holiday season to those businesses hit hard by the ongoing COVID-19 crisis. On December 21, 2020, Congress passed the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act...more

PPP Loans and Changes of Ownership: Considerations for M&A Transactions

The Small Business Administration (“SBA”) has issued long-awaited rules governing lender and borrower obligations when there is a change in ownership of an entity that has received a Paycheck Protection Program (“PPP”) loan....more

Drinking Through a Pandemic: Will Relaxed Alcohol Sales During COVID-19 Survive in California?

Since the COVID-19 outbreak in the U.S. in March, the California Department of Alcoholic Beverage Control (the “ABC”) has issued various regulatory relief measures, making it easier for restaurants, bars and other industry...more

Financial Aid Expected for Struggling Nonprofits: The HEROES Act and Accessing PPP Loans

The week of May 11, 2020, the Democrats in the House of Representatives introduced a bill – the Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”) – that would provide the next round of stimulus...more

Finding the Right Fit Under CARES: Understanding the SBA Loan Programs Available Under the CARES Act and Determining Eligibility...

On Friday March 27, 2020, President Donald J. Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), providing hope for struggling businesses. ...more

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