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Additional Funds Approved for SBA Paycheck Protection Program through the Coronavirus Aid, Relief, and Economic Security (CARES)...

On April 24, 2020, President Trump signed legislation that provides $484 billion in additional funding for the SBA, hospitals, and coronavirus testing through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. ...more

Back to Basics: SBA Size Standards Eligibility Under The Paycheck Protection Program (PPP Loan)

KEY TAKEAWAYS - 1. Size standards have been established for most types of economic activity, or industry, generally under the North American Industry Classification System (NAICS). 2. In an effort to achieve the goals of the...more

What Counts Towards 500? Employee Calculation and Affiliation Rules Under SBA Regulations

THREE KEY TAKEAWAYS: 1. When determining if a business has fewer than 500 employees, the SBA considers the average number of employees for each pay period for the preceding 12 months. Part-time and temporary employees are...more

The CARES Act: Which Small Business Loan is Right for Your Business?

The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law on March 27 2020. Among (many) other things, it provides for two types of attractive loans for small businesses. This summary,...more

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