News & Analysis as of

Small Business Loans State and Local Government

Mitchell, Williams, Selig, Gates & Woodyard,...

95th Arkansas General Assembly: Senate Bill Introduced to Repeal Small Business Revolving Loan Fund for Pollution Control and...

Senator Irvin of Mountain View has introduced Senate Bill 367 which would repeal the Small Business Revolving Loan Fund for Pollution Control and Prevention Technologies Act (“Act”). The Act is found in Chapter 5,...more

Troutman Pepper Locke

New York AG Sues Yellowstone Capital Over Alleged “Fraudulent Loans” Targeting Small Businesses

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New York Attorney General (AG) Letitia James filed a lawsuit on March 5 against Yellowstone Capital, its founder David Glass, and a network of 30 other affiliated companies and individuals. James alleges that Yellowstone...more

Sheppard Mullin Richter & Hampton LLP

Georgia Introduces New Commercial Financing Disclosure Requirements

On May 1, Georgia signed SB 90 to become the latest state to require disclosures for small-business financing... Providers of commercial financing in the amount of $500,000 or less who conduct more than five transactions in...more

Fox Rothschild LLP

Maryland's Proposed Cannabis Bill Considers Social Equity, On-Site Consumption

Fox Rothschild LLP on

Maryland lawmakers are considering legislation that would regulate medical and recreational cannabis in the state. Here are a few takeaways from Senate Bill 516: •Emphasis on Social Equity: Within the Alcohol, Tobacco, and...more

Miles & Stockbridge P.C.

U.S. Small Business Lending Disclosure Act: Congress’s Commercial Finance Disclosure Law - Will It Displace State Law?...

Over the past year, we have reported on the new wave of laws enacted and proposed in various states requiring consumer-like disclosures in commercial financing transactions. These state laws are often titled “Commercial...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, December 2020 # 4

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In Washington: On Thursday, the U.S. experienced the deadliest 24 Hours since the Coronavirus pandemic began as a record 2,777 Americans died in just 24 hours. More than 14 million Americans have now tested positive,...more

Spilman Thomas & Battle, PLLC

COVID-19 and Unprecedented: Litigation Insights, Issue 21 - August 2020

This 21st edition of Unprecedented, our weekly update on COVID-19-related litigation, pairs defense victories with new claims. Lenders obtained the dismissal of a lawsuit claiming agent fees under the PPP program, and...more

Ruder Ware

Applications for Wisconsin’s “We’re All In” Small Business Grant to Open June 15

Ruder Ware on

The Wisconsin Economic Development Corporation (WEDC) will begin accepting online applications on June 15 for its We’re All In grant, which will provide $2,500 in relief to an estimated 30,000 small businesses throughout the...more

Farrell Fritz, P.C.

New York Forward Loan Fund – $100MM Loan Fund for New York Small Businesses

Farrell Fritz, P.C. on

New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. NYFLF...more

Parker Poe Adams & Bernstein LLP

N.C. Legislature Approves $125 Million to Help Small Businesses Through the Pandemic

Over the weekend, the North Carolina legislature passed a nearly $1.6 billion COVID-19 relief package that includes $125 million in funding for small businesses. An earlier version of the bill in the House budgeted $75...more

Moore & Van Allen PLLC

COVID-19 - NC Legislative Update April 2020

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Thursday, April 30, was the third day of the legislative short session.  The session has dealt almost exclusively with the State’s response to the Covid-19 pandemic. On Wednesday, the Senate approved its response proposal by...more

Maynard Nexsen

NC Legislative Update: April 2020

Maynard Nexsen on

Members of the General Assembly are returning to Raleigh this week for what is anticipated to be a short session, lasting only a few days. Lawmakers are expected to pass several bills to address immediate concerns due to the...more

Bracewell LLP

Class Actions Begin: Plaintiffs Target Banks for PPP Loan Processing

Bracewell LLP on

A number of class-action lawsuits have been filed targeting national and community banks for their processing of loans under the Small Business Administration’s Paycheck Protection Program (PPP). It is not surprising that...more

Mitchell, Williams, Selig, Gates & Woodyard,...

COVID-19 Guidance for Texas Businesses

In response to the COVID-19 pandemic, the Texas Governor’s Business and Community Development Division has published helpful frequently asked questions for local small businesses and community economic development partners to...more

Tucker Arensberg, P.C.

Pennsylvania Putting Small Businesses First with New Program

Tucker Arensberg, P.C. on

New funding is now available to help small businesses impacted by the coronavirus under the Pennsylvania Industrial Development Authority’s (PIDA) Small Business First Fund. It is known as the COVID-19 Working Capital Access...more

Brooks Pierce

Guide to Golden LEAF Rapid Recovery Loan Program

Brooks Pierce on

The Golden LEAF Foundation is providing $15 million in funding to launch a rapid recovery loan program in response to economic losses for small businesses related to COVID-19. The program is being launched by a consortium of...more

Genova Burns LLC

COVID-19 : A Synopsis of New Economic Development Authority Guidelines

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The COVID-19 global health pandemic is proving to have long-reaching economic effects. The New Jersey Economic Development Authority has introduced a multitude of programs to provide aid to New Jersey businesses....more

Miller Canfield

COVID-19: Act Quickly to Apply for Michigan Small Business Loans and Grants (Update)

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Michigan small businesses affected by COVID-19 may now apply for loans and grants through the Michigan Economic Development (MEDC) website. Earlier this month, we published an alert detailing the $20 million State of...more

White and Williams LLP

Philadelphia and New York City Launch COVID-19 Relief Grants and Loan Programs to Assist Small Businesses

White and Williams LLP on

In addition to aid available at the federal and state level, cities around the country have also taken measures to help their local small businesses deal with the impact of the COVID-19 pandemic. In particular, both...more

Dentons

Iowa Small Businesses - Financial Relief Now Available

Dentons on

Multiple financial assistance and relief programs are now available to help Iowa small businesses in light of the COVID-19 pandemic: SBA loans, announced by Governor Reynolds on March 21. The U.S. Small Business...more

Roetzel & Andress

Cleveland Approves Loan Payment Relief For Small Businesses

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The Cleveland City Council has approved legislation that will provide loan payment relief for local small businesses. The emergency legislation, which was introduced and approved on Monday night, will allow Cleveland’s...more

Lathrop GPM

Small Business Loans Announced for COVID-19

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As our nation, states, and local governments continue to respond to the COVID-19 pandemic, we know these are difficult times for all of our clients, but in particular for our nonprofit clients and friends. Extending lines...more

Akerman LLP - SALT Insights

SALT Response To COVID-19

As we practice social distancing during the COVID-19 (“coronavirus”) outbreak, our state and local governments, like the federal government, are working through their response to the outbreak. The most common response by...more

Lowndes

Governor DeSantis Activates the Florida Small Business Emergency Bridge Loan Program

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In the wake of the economic impact of the Coronavirus (COVID-19), Governor DeSantis has activated the Florida Small Business Emergency Bridge Loan Program. ...more

Downs Rachlin Martin PLLC

Vermont Legislative Update 01-24-2020 - An analysis from DRM's Government and Public Affairs Team

Global Warming Solutions Act: asking for too much or not enough? The House Committee on Energy and Technology took testimony this week on the The Global Warming Solutions Act. University of  Vermont Professor Jon Erickson...more

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