As the impact of COVID-19 was rippling through the American economy, business owners saw the PPP as a lifeline. The promise of a quick infusion of capital to keep their businesses operational and the opportunity to have these...more
On June 24, 2019, the U.S. Small Business Administration (SBA) finally proposed a regulation which would harmonize its receipts-based size standard regulation with the Congressional directive of the Small Business Runway...more
In our December 26, 2018 blog post, we addressed the Small Business Recovery Extension Act of 2018, by which Congress extended to five years the lookback period for averaging receipts in determining small business size under...more
For many businesses, the transition from being a “small business concern” to an “other than small” concern can be traumatic, not unlike the neophyte daredevil being shot out of a circus cannon and hoping that there will be a...more