Time is of the essence for businesses to apply for relief from the Paycheck Protection Program. Jackson Walker finance partners Lindsey Berwick and John Wittenberg join hosts Art Cavazos and Daniel Maldonado to discuss the...more
On Monday, December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA), which contains a $900 billion COVID-19 relief package that, among many other initiatives, reauthorizes and modifies the Paycheck...more
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more
8/21/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Interest Rates ,
Lenders ,
Loan Applications ,
Loan Forgiveness ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Nonprofit Organization Expanded Loan Facility (NOELF) ,
Nonprofit Organization New Loan Facility (NONLF) ,
Payment Terms ,
Small Business Loans ,
Terms and Conditions ,
Transaction Fees ,
U.S. Treasury
While the deadline to apply for a Paycheck Protection Program (PPP) loan has passed, an August 8th extension is en route to President Trump for his signature. Since the program's implementation in April, the Small Business...more
7/2/2020
/ Borrowers ,
Coronavirus/COVID-19 ,
Loan Applications ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Proposed Legislation ,
SBA ,
Small Business ,
Small Business Loans ,
Time Extensions ,
Trump Administration
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more
6/19/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Lenders ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Small Business Loans ,
U.S. Treasury
Revised PPP Loan Forgiveness Applications -
On June 16, 2020, the Small Business Administration (SBA) released revised Loan Forgiveness Applications in connection with the Paycheck Protection Program (PPP)...more
6/18/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Safe Harbors ,
SBA ,
Small Business ,
Small Business Loans ,
Updated Forms
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more