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Borrowers Federal Funding

Foster Swift Collins & Smith

Should Your Business Sign SBA Form 601 Requiring Non-Discriminatory Hiring Practices?

In 1965, President Lyndon Johnson issued Executive Order 11246 requiring all contractors and sub-contractors working on a project financed by more than $10,000 of federal funding (including Small Business Administration (SBA)...more

Hutchison PLLC

Paycheck Protection Program 2.0: Second Draw Loans and Other Updates

Hutchison PLLC on

On December 27, 2020, the Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act (the “Act”) became law. The Act included $284 billion of additional funding under the Paycheck Protection Program (the “PPP”). The...more

Chambliss, Bahner & Stophel, P.C.

CMS Eases Repayment Terms for Borrowers Under Medicare Accelerated and Advance Payment Program

On October 8, 2020, the Centers for Medicare & Medicaid Services (CMS) announced notable changes to the terms of Accelerated and Advance Payment Program (AAPP) loans that were issued to various health care entities earlier...more

Butler Snow LLP

So Much for the Afterglow?

Butler Snow LLP on

In August of 2005, and for months afterwards, the attention of the country was sympathetically focused on the devastation caused by Hurricane Katrina.Though slow to respond, once the great machinery of government was awakened...more

Foley Hoag LLP

Main Street Lending Facilities under the CARES Act - Update #2

Foley Hoag LLP on

On June 8, 2020, the Board of Governors of the Federal Reserve System (the “Fed”) released improvements favorable to borrowers for its three lending programs (the “Main Street Facilities”) under the Coronavirus Aid, Relief...more

Perkins Coie

The Federal Reserve’s Main Street Lending Program: What Borrowers Need to Know (Updated June 9, 2020)

Perkins Coie on

This update amends our prior publication on June 5, 2020, and contains new information based on additional guidance provided by the Federal Reserve on June 8, 2020. Authorized under the Coronavirus Aid, Relief, and...more

Skadden, Arps, Slate, Meagher & Flom LLP

Updated Guide to the Main Street Lending Program

The Main Street lending program is a key component of the federal government's response to the economic impact of the COVID-19 pandemic. Implemented and primarily funded by the Federal Reserve, the program is expected to...more

Alston & Bird

New PPP Funding Ups Ante for Compliance Failure—Audits on the Horizon

Alston & Bird on

The unprecedented nature of the CARES Act grew even more stark last week when Congress appropriated additional stimulus funds to address the COVID-19 pandemic. Our White Collar, Government & Internal Investigations Team...more

Goodwin

Financial Services Weekly Roundup: April (Liquidity) Showers Bring May Borrower Protection

Goodwin on

In this Issue: Senate Votes to Expand Paycheck Protection Program; FHFA (Finally) Addresses Liquidity Concerns for Mortgage Servicers. Yesterday, the U.S. Senate unanimously passed legislation providing $484 billion in...more

Bradley Arant Boult Cummings LLP

$1 Billion in Credit Assistance Now Available from EPA’s New Water Infrastructure Program

On January 10, 2017, the U.S. Environmental Protection Agency (EPA) announced the availability of $1 billion in credit assistance for water infrastructure projects under the new Water Infrastructure Finance and Innovation Act...more

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