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The SBA Expands the Safe Harbor for PPP Loans and Extends The Repayment Deadline to May 18, 2020

On May 13, 2020, SBA issued new guidance with respect to a borrower’s good faith certification that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant,” as...more

New Guidance Resolves Confusion over Counting Foreign Employees for PPP Loan Eligibility

On May 5, 2020, SBA/Treasury finally answered the important question of whether a small business located in the US needed to count the number of employees of its “foreign affiliates” in its size standard eligibility...more

SBA Extends PPP Repayment Date for Safe Harbor to May 14, 2020

Businesses now have one extra week to conduct their risk/reward analyses to decide whether to return their PPP loans. In prior guidance (Treasury FAQ 31 and 37), the SBA reminded borrowers that they “should review carefully...more

AGG's CARES Act Webinar [Video]

As we continue to learn more about the Coronavirus Aid, Relief and Economic Security Act (CARES Act), we are committed to sharing our knowledge and understanding of the bill with our clients. In this webinar, we provided a...more

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