SBA Issues New PPP Rules for Owner-Employees and Related Party Rents -
The Small Business Administration ("SBA") recently issued a new interim final rule clarifying whether paycheck protection program ("PPP") loan proceeds...more
9/25/2020
/ Business Closures ,
CARES Act ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Family and Medical Leave Act (FMLA) ,
Financial Industry Regulatory Authority (FINRA) ,
Government Lockdown ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Rent ,
Return-to-Work Agreements ,
SBA ,
SBA Lending Programs ,
Small Business
Closing in on five months after the initial COVID-19 shutdown, it is apparent that most, if not all, industries have been affected by shutdowns, restrictions, and quickly changing guidelines and best practices. Physician...more
On Tuesday, April 21, the U.S. Senate passed the Paycheck Protection Program and Health Care Enhancement Act (the “Enhancement Act”), which is intended to, among other things, replenish the depleted funds for the paycheck...more
4/22/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Legislative Agendas ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA Lending Programs ,
Small Business
In addition to its much-discussed small business relief programs, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) included $500 billion in funds for relief for businesses not otherwise...more
Since the end of last week when the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) was signed into law, there has been a lot of discussion about the new Small Business Administration (“SBA”)...more
On March 12, 2020, the U.S. Small Business Administration (“SBA”) announced that it will begin offering federal disaster loans for working capital to small businesses that “have sustained substantial economic injury” due to...more