Shortly before the end of the bizarre and painful 2020 calendar year, the Consolidated Appropriations Act for 2021 (the Act) was signed into law, providing an additional $284 billion appropriation for the Paycheck Protection...more
3/12/2021
/ Borrowers ,
Business Expenses ,
Capital Expenditures ,
Centers for Disease Control and Prevention (CDC) ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
FCC ,
Hospitality Industry ,
Loan Forgiveness ,
NAICS ,
OSHA ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Personal Protective Equipment ,
Property Damage ,
Restaurant Industry ,
Rule 501(a) ,
SBA ,
Small Business
Over the past few weeks, many of our clients who have received Paycheck Protection Program (“PPP”) loans have expressed concern about whether they had adequate basis to certify that their PPP loan request was necessary to...more
Over the past week, many clients who have received Paycheck Protection Program (“PPP”) loans have inquired about whether (a) they satisfy the PPP loan certification requirements following provision of additional guidance from...more
On March 27, 2020, the CARES Act, a $2 trillion stimulus package aimed at aiding individuals and businesses in the U.S. that have been impacted by the COVID-19 pandemic, was signed into law. The CARES Act includes a $349...more