Certain provisions of the coronavirus economic stimulus legislation are subject to the ongoing issuance of government regulations and other government action; thus, certain details regarding the legislation may be clarified,...more
6/8/2020
/ Borrowers ,
Breach of Contract ,
CARES Act ,
Collateral ,
Coronavirus/COVID-19 ,
Eligibility ,
Enforcement Actions ,
Federal Reserve ,
Lenders ,
Main Street Lending Programs ,
New Guidance ,
Private Equity Funds ,
SBA ,
SBA Lending Programs ,
Secured Debt ,
Unsecured Debt
Between May 20 and May 22, SBA announced three new Interim Final Rules and the U.S. Department of Justice (DOJ) announced three new fraud prosecutions stemming from PPP loans. Those prosecutions reflect that the DOJ does not...more
5/26/2020
/ Borrowers ,
CARES Act ,
Certifications ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fraud ,
Interim Final Rules (IFR) ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Recordkeeping Requirements ,
Safe Harbors ,
SBA ,
SBA Lending Programs ,
Statute of Limitations