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MH&H Finance & Law Newsletter, Vol. IV - February 2021

The Courts’ View of UCC Article 9 Sales in The COVID-19 Environment Is Clearly Changing - While the world may be in a state of semi-paralysis waiting for a COVID-19 vaccine, the legal environment involving creditors’...more

Alert: Multiple Updates to the Paycheck Protection Program

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

Alert: Paycheck Protection Program FAQs On Loan Forgiveness & Processing Of Forgiveness Applications

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

Alert: Paycheck Protection Program Application Deadline Extended

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

Update To Paycheck Protection Program (PPP) Loan Forgiveness Application

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

Paycheck Protection Program Flexibility Act Of 2020

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

Paycheck Protection Program Update: Loan Forgiveness Application Released By SBA

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

No Tax Deduction For Expenses Paid With Forgiven PPP Funds

While the IRS rules that otherwise deductible expenses are not deductible, Congress discusses a legislative fix. The Internal Revenue Service (IRS) has issued Notice 2020-32, 2020-21 I.R.B. 1 (the “Notice”) in which the...more

Paycheck Protection Program Reauthorization and The Paycheck Protection Program & Health Care Enhancement Act

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more

SBA Rules Carve Out Banks & Other Lenders From PPP Eligibility

The Interim Final Rule issued late last week by the SBA limits the availability of PPP loans to businesses engaged in certain activities. Among them is banking and other lending activities. We believe that the exclusion will...more

Update: U.S. Department Of The Treasury Releases Paycheck Protection Program Loan Application & Guidance Sheets

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349,000,000 to fund loans to small businesses affected by the...more

Secured Lending Guidelines & Strategies In The Current Crisis

In the midst of the unfolding COVID-19 pandemic, much like during the financial crisis, the banking laws and regulations are being changed as fast as they can be written. There are orders and new programs seemingly daily. ...more

U.S. Department Of The Treasury Releases Paycheck Protection Program Loan Application & Guidance Sheets

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349,000,000 to fund loans to small businesses affected by the...more

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