By now, most small business owners and their lenders are acutely aware of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted to provide emergency assistance and health care response for individuals...more
The CARES Act (the “Act”), as passed by the Senate and the House, includes the creation of a new Small Business Administration (SBA) 7(a) loan program called the Paycheck Protection Program (PPP). As drafted, PPP would enable...more