The eight-week “covered period” for the initial group of Paycheck Protection Program (PPP) Borrowers is nearing an end, and such Borrowers have been waiting for the Small Business Administration’s (SBA) promised guidance...more
Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more
Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more
On April 30, Mayor Lucas issued the “10/10/10 Soft Re-Opening” Order. The Order permits certain business activities to resume with certain conditions in place in order to protect public health.
The Order applies...more
Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more
We are now seeing the beginning of a significant change in shelter-in-place orders. Some jurisdictions are retaining or enhancing shelter-in-place restrictions, but for the first time since the COVID-19 crisis emerged, others...more
Due to the COVID-19 pandemic, states, cities and counties in the United States have been under some form of shelter in place. The Governor of each state has begun the thorough process of reviewing and adjusting the...more
As Paycheck Protection Program (PPP) loan proceeds start coming in the door, businesses are looking to spend those funds as permitted under the CARES Act. Below is a list of important points to consider...more
The U.S. Securities & Exchange Commission (SEC) has made numerous statements providing additional guidance relating to the COVID-19 public health crisis, and the governor of Delaware has also clarified some points of state...more
4/20/2020
Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more
On April 6, 2020, the U.S. Department of the Treasury and the Small Business Administration (SBA) provided further guidance in connection with the Paycheck Protection Program (PPP), clarifying some areas covered in previous...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) established two loan programs intended to provide liquidity to businesses in the United States: (1) the Coronavirus Economic Stabilization Act of 2020 (CESA),...more
Disclaimer: The issues discussed below are under further review, and guidance is not complete. Please continue to check back as we continue to update regularly.
Paycheck Protection Program (PPP)-
Eligibility and...more
Recently, the Securities and Exchange Commission (SEC) issued guidance to assist public companies in navigating the challenging times brought on by the coronavirus (COVID-19) pandemic.
Modification to Order Granting 45-Day...more
Recently, the Securities and Exchange Commission (“SEC”) issued guidance to assist public companies in navigating the challenging times brought on by the coronavirus (COVID-19) pandemic.
45-Day Filing Extension for...more