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SBA’s Expanded “Safe Harbor” May Reduce, But Does Not Eliminate, Enforcement Risks for Businesses Seeking PPP Loans

Borrowers that, together with their affiliates, received Paycheck Protection Program (PPP) loans in an aggregate amount less than $2 million will be deemed to have made their certification that the loan was “necessary” in...more

Small Business Loans and the CARES Act: What PE and VC Investors Need to Know About the SBA’s Affiliation Rules

A key feature of the nearly $2 trillion economic stimulus bill signed into law on March 27, 2020, is the creation of a $350 billion “Paycheck Protection Program” (PPP) to authorize loans to businesses affected by the COVID-19...more

Proposed Changes to Small Business Rules That All Government Contractors Need to Know

The Small Business Administration (SBA) issued a proposed rule on December 4, 2018, to implement, among other things, certain provisions of the National Defense Authorization Acts (NDAA) of 2016 and 2017. The proposed rule,...more

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