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COVID-19: UPDATED Q&A for SBA Emergency Loans (Updated)

The following questions and answers are based on Title I to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, Pub.116-136, which was signed into law by President Trump on March 27, 2020, as supplemented by...more

COVID-19: Senate Includes SBA "Payroll Protection Package" Loan Relief to Small Businesses in CARES Act

On March 25, 2020, the U.S. Senate unanimously approved another major piece of legislation to address the economic and medical concerns arising from the coronavirus; the Coronavirus Aid, Relief, and Economic Security Act, or...more

COVID-19: UPDATED Q&A for SBA Emergency Loans

On March 22, 2020, Senate Majority Leader McConnell released a draft of the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, which would amend the Small Business Act (15 U.S.C. Section 636(a)) (“SBA Act”) to...more

COVID-19: Q & A for Small Business Administration (SBA) Emergency Loans

On March 22, 2020, Senate Majority Leader McConnell released a draft of the Coronavirus Aid, Relief, and Economic Security Act, which would amend the Small Business Act to provide emergency loan relief to certain eligible...more

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