President Trump signed H.R. 7010 – the Paycheck Protection Program Flexibility Act (“PPPFA”) – into law on June 5, 2020. The PPPFA makes several sizable changes to the Paycheck Protection Program (“PPP”). This brief alert...more
The Small Business Administration has released much-anticipated guidance regarding forgiveness of Paycheck Protection Program (PPP) loans. This client alert is provided on May 26, 2020 and, as all participants in this loan...more
In answer to a question hanging over the PPP loan program since its inception, the SBA on May 18 offered a safe harbor to borrowers who did not originally count its foreign employees, and those of its affiliates, in its loan...more
For the many small and mid-size businesses impacted by the coronavirus pandemic, the recent CARES Act and other legislation adopted in earlier March 2020 offers businesses various resources for support to sustain business...more