On January 12, 2021, the U.S. Attorney’s Office for the Eastern District of California announced the first civil settlement related to the PPP program, in an action brought against SlideBelts Inc., an internet retailer, and...more
For-profit and non-profit borrowers of PPP loans of $2MM or more are now required to submit additional forms.
On October 26, 2020, the SBA published a notice seeking Office of Management and Budget (OMB) approval of new...more
Keep your business in the know during the COVID-19 outbreak.
With information concerning the Coronavirus (COVID-19) rapidly evolving, DRM is committed to providing you relevant and timely guidance on how to navigate this...more
On August 11, the SBA issued an Interim Final Rule regarding the appeal of SBA loan review decisions made under the Paycheck Protection Program (“PPP”). The Interim Final Rule is immediately effective, and while many lenders...more
8/18/2020
/ Administrative Appeals ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Eligibility Determination ,
Interim Final Rules (IFR) ,
Lenders ,
Loan Forgiveness ,
Office of Hearings and Appeals (OHA) ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business Loans ,
Unauthorized Transactions
RECENT DEVELOPMENTS -
July 20, 2020: A new bill is now pending in the Senate which enhances lender protections and facilitates forgiveness for those PPP borrowers receiving PPP loans of less than $150,000. Proponents of...more
For businesses that received a loan through the Paycheck Protection Program (PPP), the rules are still being refined, regulations continue to evolve and new guidance continues to be published. Despite the rapidly evolving...more
5/28/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Documentation ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Relief Measures ,
Small Business ,
Small Business Loans ,
Tax Deductions ,
Wage and Hour
RECENT DEVELOPMENTS -
May 20, 2020: Vermont Governor Phil Scott announced a $400 million economic relief and recovery package for Vermont. The proposed package is funded by the $1.25 billion Vermont received from Federal...more
5/22/2020
/ CARES Act ,
Economic Injury Disaster Loans ,
Eviction ,
Federal Funding ,
Financial Assistance Policies ,
Foreclosure ,
Government Assistance ,
Governor Scott ,
Relief Measures ,
Rental Assistance Programs ,
State Grants
RECENT DEVELOPMENTS -
May 15, 2020: Vermont Governor Phil Scott extended the Stay Home, Stay Safe order until June 15, pursuant to Addendum 14 to Executive Order 01-20 (“Be Smart, Stay Safe”). Governor Scott encouraged...more
5/16/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Executive Orders ,
Financial Assistance Policies ,
Governor Scott ,
Governor Sununu ,
Hotels ,
Main Street Lending Programs ,
Personal Protective Equipment ,
Re-Opening Guidelines ,
Remote Working ,
Retailers ,
Shelter-In-Place ,
Travel Restrictions
April 3, 2020:
SBA Issued Interim Final Rule On Thursday, April 2 To Facilitate The Implementation Of The Paycheck Protection Program....more
With information concerning the Coronavirus (COVID-19) rapidly evolving, DRM is committed to providing you relevant and timely guidance on how to navigate this challenging time....more
4/3/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Federal Loans ,
Filing Deadlines ,
Financial Stimulus ,
Intellectual Property Protection ,
Operators of Essential Services ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Shelter-In-Place ,
Sick Pay ,
Small Business ,
USPTO
Keep your business in the know during the COVID-19 outbreak.
With information concerning the Coronavirus (COVID-19) rapidly evolving, DRM is committed to providing you relevant and timely guidance on how to navigate this...more
3/31/2020
/ Business Closures ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Executive Orders ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Federal Loans ,
Financial Stimulus ,
Force Majeure Clause ,
Intellectual Property Protection ,
Operators of Essential Services ,
Relief Measures ,
Restaurant Industry ,
Shelter-In-Place ,
Sick Pay ,
State and Local Government ,
Tax Credits ,
Trump Administration