On May 5, 2020, the Small Business Administration (“SBA”) issued a new set of frequently asked questions (“FAQs”) concerning Paycheck Protection Program (“PPP”) loans. The new FAQs add guidance regarding the good faith...more
Amidst the economic downturn that has accompanied the COVID-19 pandemic, small businesses have sought financial relief through the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”), which with its...more
On April 16, 2020, the Small Business Administration (SBA), less than two weeks after the activation of its Paycheck Protection Program (PPP), announced that funds for PPP loans had been completely depleted. An additional...more