Last week, President Biden released a fact sheet summarizing a proposed $1.9 trillion COVID-19 stimulus package, which promises to have a broad reaching impact on U.S. businesses.
The proposal includes a $15 billion grant...more
1/21/2021
/ Biden Administration ,
Budget Reconciliation ,
Clean Energy ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Economic Stimulus ,
Educational Institutions ,
Families First Coronavirus Response Act (FFCRA) ,
Popular ,
Public Utility ,
Relief Measures ,
Sick Leave ,
Small Business ,
Small Business Loans ,
Technology Sector ,
Tenants ,
Vaccinations ,
Venture Capital
New law modifies the Paycheck Protection Program.
The President has signed into law the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act), which proposes to extend the period borrowers must spend the...more
The President has signed into law the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act), which proposes to extend the period borrowers must spend the forgivable Paycheck Protection Program (PPP) loans...more
The House has introduced bipartisan legislation to modify the Paycheck Protection Program.
The House recently passed the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act), which proposes to extend the...more
Companies that may want to borrow under the Main Street Lending Program should take note of additional guidance recently issued by the Federal Reserve Bank of Boston.
The Federal Reserve Bank of Boston has issued further...more
6/2/2020
/ Borrowers ,
Certifications ,
Federal Reserve ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
Small Business Loans
On May 22, 2020, the Small Business Administration (SBA) issued its interim final rule on loan forgiveness. The rule describes, in a question-and-answer format, the mechanics of applying for and receiving loan forgiveness...more