The U.S. Small Business Administration (the “SBA”) recently issued important new guidance (SBA Procedural Notice 5000‑812316, SBA Guaranty Purchases and Lender Servicing Responsibilities, effective July 15, 2021 (the “SBA...more
On May 15, 2020, the Small Business Administration (the “SBA”) published a Loan Forgiveness Application (the “Forgiveness Application”),1 which provides long awaited information regarding loan forgiveness under the Paycheck...more
Small businesses that have been anxiously awaiting relief from the economic toll of COVID-19 and financial institutions participating in the Small Business Administration (“SBA”) 7(a) program now have important guidance from...more