Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
3/30/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
3/25/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
3/25/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
3/18/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
3/18/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021) -
Late on January 6, 2021, the Small Business...more
2/19/2021
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
New Legislation ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Required Documentation ,
SBA ,
Small Business
Late on January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans”...more
1/15/2021
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Loan Applications ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business
Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021) -
Late on January 6, 2021, the Small Business...more
1/15/2021
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
New Legislation ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Required Documentation ,
SBA ,
Small Business
The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “PPP2 Act”) is contained in the Consolidated Appropriations Act, 2021 (“2021 Appropriations Act”), a $900 billion, nearly 5,600-page bill passed...more
1/7/2021
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Financial Stimulus ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business ,
Tax Credits ,
Trump Administration
The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “PPP2 Act”) is contained in the Consolidated Appropriations Act, 2021 (“2021 Appropriations Act”), a $900 billion, nearly 5,600-page bill passed...more
12/29/2020
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business
Most Paycheck Protection Program (“PPP”) borrowers are working toward full forgiveness of their PPP loans and are anxious to get this process started. A borrower generally may submit a loan forgiveness application any time on...more
12/29/2020
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Loan Applications ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
Relief Measures ,
SBA ,
Small Business
The Federal Reserve Bank of Boston announced on July 6, 2020, that the Main Street Lending Program (“Main Street Program” or “Program”) is now fully operational and ready to purchase participation in eligible loans that are...more
11/9/2020
/ Borrowers ,
CARES Act ,
Certifications ,
Coronavirus/COVID-19 ,
Eligibility Determination ,
Federal Reserve ,
For-Profit Corporations ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street Priority Loan Facility ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Primary Market Corporate Credit Facility (PMCCF)
The Federal Reserve Bank of Boston announced on July 6, 2020, that the Main Street Lending Program (“Main Street Program” or “Program”) is now fully operational and ready to purchase participation in eligible loans that are...more
7/30/2020
/ CARES Act ,
Certifications ,
Coronavirus/COVID-19 ,
Federal Reserve ,
For-Profit Corporations ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street Priority Loan Facility ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Primary Market Corporate Credit Facility (PMCCF)