This week has seen three significant developments relating to Small Business Administration (“SBA”) programs designed to help businesses weather the lingering impacts of COVID-19....more
4/2/2021
/ Biden Administration ,
Business Interruption ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Restaurant Industry ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
Congress has extended the deadline to apply for a Paycheck Protection Program (PPP) loan to August 8, 2020. The extension, from June 30, 2020, reflects the poor structure and rollout of the program and that, despite the...more
Yesterday, the U.S. Senate adopted by unanimous consent the U.S. House’s version of the Paycheck Protection Program Flexibility Act of 2020 (Act). We expect the Act to be signed into law this week....more
Update May 20, 2020 -
In an interim final rule titled “Business Loan Program Temporary Changes; Paycheck Protection Program – Treatment of Entities with Foreign Affiliates”, the SBA confirmed that due to “‘reasonable...more
As businesses turn their attention from Paycheck Protection Program (“PPP”) loan eligibility to loan forgiveness, the U.S. Small Business Administration (“SBA”) has released the Loan Forgiveness Application (“Application”),...more
The Small Business Administration (SBA) and U.S. Treasury Department continue to trickle out guidance on the Payment Protection Program.
Employees of foreign affiliates -
Most significantly, the SBA stated on May 5 in...more