On June 5, 2020, the Paycheck Protection Program (PPP) Flexibility Act became law. This Act amends the Small Business and CARES Acts to provide additional flexibility to recipients of PPP loans in achieving forgiveness of the...more
On May 22, 2020, the Small Business Administration (“SBA”) released its Interim Final Rule on Loan Forgiveness (the “Loan Forgiveness Rule”), which describes the costs eligible for forgiveness under the Payroll Protection...more
The Small Business Administration (“SBA”) has issued additional guidance regarding the process for self-employed individuals and sole proprietors and clarifies how partners in a partnership (for example, members of a limited...more
Interim Final Rule -
The interim final rule announces the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). Section 1102 of the Act temporarily...more
SBA LOANS -
PAYCHECK PROTECTION PROGRAM - SBA LOAN PROGRAM -
The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act has passed the Senate, the House, and has been signed into law by the President on March 27,...more