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New Program To Provide Relief To Restaurant Industry

The Restaurant Revitalization Funding (RRF) program, established pursuant to the American Rescue Plan Act signed into law March 11, 2021, provides eligible businesses with the opportunity to recoup a portion of their...more

FAQ: CARES Act SBA Loan Programs - UPDATED February 2021

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was the largest economic relief bill in United States history and supported individuals and businesses affected...more

The New Stimulus Bill's Sweeping Changes To The Paycheck Protection Program

The Paycheck Protection Program (PPP), originally part of the March 27, 2020, CARES Act, has undergone several changes since its inception, including June’s PPP Flexibility Act, a myriad of Interim Final Rules and other...more

FAQ: CARES Act SBA Loan Programs-UPDATED September 2020 #1

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

New PPP Guidance On Owner-Employees And Rent/Mortgage Interest Forgiveness

On August 24, 2020, the Small Business Administration (SBA) released a new interim final rule (IFR) regarding permitted forgiveness of loans made under the Paycheck Protection Program (PPP). This new guidance provides relief...more

FAQ: CARES Act SBA Loan Programs-UPDATED August 2020 #1

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

SBA Issues FAQs On PPP Loan Forgiveness

As the Small Business Administration (SBA) prepares to accept forgiveness documentation from lenders via its Paycheck Protection Program (PPP) Forgiveness Platform on August 10, 2020, the SBA has issued Frequently Asked...more

A Summary Of Recent Additional SEC Guidance on Disclosure, Financial Reporting, And Accounting Practices In Light Of COVID-19

On June 23, 2020, the Division of Corporation Finance of the U.S. Securities and Exchange Commission (SEC) further supplemented its previous guidance to assist public companies in navigating the disclosure challenges brought...more

FAQ: CARES Act SBA Loan Programs-UPDATED July, 2020 #2

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

FAQ: CARES Act SBA Loan Programs-UPDATED July, 2020 #1

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

SBA Releases PPP Loan Recipient Information

On July 6, 2020, the Small Business Administration (SBA) released detailed information regarding loans made under the Paycheck Protection Program (PPP). For loans of $150,000 and above, the SBA disclosed, among other things,...more

FAQ: CARES Act SBA Loan Programs-UPDATED June, 2020 #4

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

FAQ: CARES Act SBA Loan Programs-UPDATED June,2020 #3

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

FAQ: CARES Act SBA Loan Programs- UPDATED June, 2020 #2

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

FAQ: CARES Act SBA Loan Programs-UPDATED June,2020 #1

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

Senate Passes House Bill Modifying The PPP Loan Program

Wednesday night, the Senate unanimously passed the House Bill known as the Paycheck Protection Program Flexibility Act of 2020. The signing of this Act into law by the President is imminent. This bipartisan legislation...more

FAQ: CARES Act SBA Loan Programs-UPDATED June, 2020 #1

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

SBA Issues Promised Guidance On PPP Loan Forgiveness And On SBA's Loan Review Procedures

On May 15, 2020, the Small Business Administration (SBA) and Department of Treasury released the long-awaited application pertaining to the Paycheck Protection Program’s (PPP) loan forgiveness. In a May 18, 2020 alert, we...more

Application For PPP Loan Forgiveness Released By SBA And Treasury

The eight-week “covered period” for the initial group of Paycheck Protection Program (PPP) Borrowers is nearing an end, and such Borrowers have been waiting for the Small Business Administration’s (SBA) promised guidance...more

FAQ: CARES Act SBA Loan Program -UPDATED May, 6 2020

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

FAQ: CARES Act SBA Loan Programs-UPDATED May,4 2020

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

Kansas City Mayor Quinton Lucas Issues "Soft Re-Opening" Order And Guidance

On April 30, Mayor Lucas issued the “10/10/10 Soft Re-Opening” Order. The Order permits certain business activities to resume with certain conditions in place in order to protect public health. The Order applies...more

FAQ: CARES Act SBA Loan Programs-UPDATED April,29 2020

Congress's coronavirus financial relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic relief bill in United States history and will support individuals and businesses affected...more

Ten Initial Considerations For Businesses Returning To Work

We are now seeing the beginning of a significant change in shelter-in-place orders. Some jurisdictions are retaining or enhancing shelter-in-place restrictions, but for the first time since the COVID-19 crisis emerged, others...more

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