Yesterday, the U.S. Senate adopted by unanimous consent the U.S. House’s version of the Paycheck Protection Program Flexibility Act of 2020 (Act). We expect the Act to be signed into law this week....more
As businesses turn their attention from Paycheck Protection Program (“PPP”) loan eligibility to loan forgiveness, the U.S. Small Business Administration (“SBA”) has released the Loan Forgiveness Application (“Application”),...more
The Act provides -
- $310 billion in additional Small Business Administration (SBA) loan guarantee authority under the Paycheck Protection Program (PPP);
- $100 billion in additional funding for the Department of Health...more
As anticipated, things are subject to swift changes as the Small Business Administration (“SBA”) embarks on a regulatory sprint to promulgate rules that will help administer the Paycheck Protection Program (“Program”). The...more
To cope with the financial impacts of the COVID-19 pandemic, under the Paycheck Protection Program (“Program”) established by the Coronavirus Aid, Relief, and Economic Security Act (“Act”), eligible businesses may receive a...more
4/2/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief