Last week, Congress reached a deal on a second pandemic relief package which includes the enactment of the Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act (Act), which has now been signed by President...more
The Small Business Administration (SBA) recently issued a new set of Frequently Asked Questions (FAQs) related to issues borrowers are facing as they apply for loan forgiveness under the Paycheck Protection Program (PPP)....more
To clear up some uncertainty in the language of the CARES Act’s Payroll Protection Program (“PPP”) and the subsequent interim final rules, the Small Business Administration (“SBA”) issued Frequently Asked Questions (“FAQs”)...more
The SBA issued Interim Final Rules and additional guidance regarding the Paycheck Protection Program (“PPP”). Generally, the PPP provides forgivable loans to small business and nonprofits to cover payroll costs, rent,...more
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law on March 27, 2020. Among other things, the Act provides relief programs for employers, including loans, grants and tax incentives.
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The Paycheck Protection Program is one of the key relief provisions included in the $2 trillion relief package under the CARES Act. This program provides forgivable loans to small businesses and nonprofit organizations to...more
4/2/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief