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Deferment Period Extended for PPP Borrowers that Appeal Adverse Forgiveness Decisions

Effective July 28, 2021, the Small Business Administration (“SBA”) announced a new interim final rule that, inter alia, extends the “deferment period” for borrowers that appeal a final SBA loan review decision. Borrowers are...more

Round Three of the PPP - The New Stimulus Bill Amendments

In an effort to achieve an agreement before the expiration of many of the CARES Act1 economic relief measures, on December 21, 2020, the U.S. Congress passed the Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

SBA Issues Updated Application and Posts Initial Guidance for Paycheck Protection Program

We previously published a client alert that the U.S. Small Business Administration (“SBA”) included on its Payroll Protection Program (“PPP”) website a link to a sample borrower application for PPP loans. Late yesterday, SBA...more

Does My Business Qualify for Federal Funding under the CARES Act?

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Stimulus Act”), signed into law on March 27, 2020, includes a program administered through the Small Business Administration (SBA) that will assist small...more

SBA and Treasury Department Post Sample Paycheck Protection Program Application Form and Related Information on Websites

Yesterday the U.S. Small Business Administration (“SBA”) updated its website to include a page providing a link to a sample Paycheck Protection Program Application form and other information related to the Paycheck Protection...more

U.S. Small Business Administration offering Emergency Financing for Payroll and Other Expenses to Qualified Entities Suffering...

The ongoing spread of Coronavirus/COVID-19 (“CV19”) continues to have massive effects on the global economy generally and U.S. businesses, large and small, specifically. The U.S. federal government has been hard at work...more

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