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COVID-19 Relief: SBA Issues Regulations & Guidance on the Paycheck Protection Program

SBA issues interim regulations and guidance on the Paycheck Protection Program, including confirmation of “affiliation” rules that may leave many companies affiliated with their investors and other businesses. New Small...more

COVID-19 Relief: Understanding SBA Loan Opportunities Under the CARES Act

The CARES Act provides $350 billion for small business Paycheck Protection Loans and an additional $10 billion for the existing Economic Injury Disaster Loan program. Under the CARES Act, Congress has appropriated $350...more

COVID-19 Relief: Small Business Loan Forgiveness under the CARES Act

Guidance on forgiveness of Paycheck Protection Loans used for eligible purposes - Borrowers may receive forgiveness of Paycheck Protection Loan amounts spent on payroll expenses, rent, mortgage interest and utilities during...more

COVID-19 Relief: Understanding Affiliation Rules Regarding Paycheck Protection Loans

The CARES Act’s Paycheck Protection Program includes a short-term amendment to the Small Business Act’s definition of “small business” to include any business that has 500 employees or fewer across all “affiliates.” To...more

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