By now most banks have been alerted to the fact that a significant part of the Coronavirus Aid, Relief and Economic Security Act (“CARES ACT”), is comprised of the Paycheck Protection Program (PPP), which was signed in to law...more
The Senate passed H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) late Wednesday, March 25, 2020. Among other stimulus relief, the CARES Act authorizes $349 billion in partially forgivable...more