Some very welcome help for theaters, music venues, museums and similar “shuttered venues” and promoters is buried in the $900 billion COVID-19 relief bill recently passed by Congress and signed by the President (the “Act”)....more
Just before midnight on December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (the “Act”), a nearly 5,500 page stimulus bill allocating roughly $900 billon of much needed relief to United States...more
12/29/2020
/ Agricultural Sector ,
CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Direct Payments to Families and Individuals ,
Educational Institutions ,
Financial Services Industry ,
Financial Stimulus ,
Health Care Providers ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA Lending Programs ,
Tax Credits ,
Transportation Industry
How is Change in Ownership Defined?
On October 2, 2020 the Small Business Administration published SBA Procedural Notice (5000-20057) (the “Notice”), which was effective on that date. The Notice outlines rules that apply...more
10/15/2020
/ Acquisitions ,
CARES Act ,
Change in Ownership ,
Coronavirus/COVID-19 ,
Federal Loans ,
Loan Forgiveness ,
Mergers ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Sale of Assets ,
SBA ,
SBA Lending Programs
Anyone closely considering or utilizing the PPP has undoubtedly heard about the U.S. Small Business Administration’s (SBA’s) so-called “Frequently Asked Questions” (FAQs) that the agency has been issuing and updating on a...more
5/18/2020
/ CARES Act ,
Certification Requirements ,
Coronavirus/COVID-19 ,
Federal Loans ,
Good Faith ,
Loan Forgiveness ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
SBA Lending Programs ,
U.S. Treasury