The COVID-19 relief bill opens the door to new aid for small businesses under the Paycheck Protection Program (PPP). This is welcome news to small businesses throughout the country, but—as detailed below—there are significant...more
12/28/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Federal Loans ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business ,
Small Business Loans ,
Trump Administration
The Small Business Administration (SBA) has released two loan necessity questionnaire forms (Form 3509 for for-profit borrowers and Form 3510 for nonprofits) for lenders to transmit to certain Paycheck Protection Program...more
The Senate has approved a nearly $2 trillion legislative package, its third emergency supplemental bill in response to the coronavirus pandemic, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Among...more
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is currently under negotiation in the US Senate. As written, the CARES Act would provide significant relief for small businesses, including $300 billion for Small...more
In response to the Coronavirus (COVID-19) pandemic, the US government has undertaken significant action in recent weeks to offer relief to small businesses, which may be disproportionately affected by the pandemic and its...more