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Court Takes a Pass on Limiting Bank of America’s Restrictions

A Maryland federal District Court Judge declined to issue an emergency temporary restraining order on April 13, which was intended to remove eligibility restrictions put in place by Bank of America under the Coronavirus Aid,...more

Franchise Identifier Codes and Other Information for Your PPP Application

Today is the first day to submit applications for a Small Business Administration loan under the new Paycheck Protection Program (PPP), one of the key components of the Coronavirus Aid, Relief, and. Economic Security (CARES)...more

No Change To PPP for Dealers Submitting with Franchise Identifier Codes

The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP. Any dealership with 500 or fewer employees is eligible to apply for a PPP loan. However, even if you are a...more

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