On October 2, the Small Business Administration (SBA) issued an important Procedural Notice clearing the way for dealmakers to begin closing M&A transactions involving targets with outstanding Paycheck Protection Program...more
On August 4, the Small Business Administration (SBA) released new FAQs related to Paycheck Protection Program (PPP) loan forgiveness. The FAQs provide interpretive guidance regarding PPP loan forgiveness applications,...more
This alert, originally published May 19, 2020, was updated to reflect further guidance issued by the SBA on May 22, 2020 regarding PPP loan forgiveness.
The Small Business Administration (SBA) has released the first major...more
This alert has been updated to reflect further guidance issued by the Small Business Administration (SBA) on May 5, 2020 indicating that forthcoming rule changes will extend the repayment date for the safe harbor discussed...more
5/6/2020
/ Borrowers ,
CARES Act ,
Certificate of Need ,
Certifications ,
Federal Loans ,
Federal Taxes ,
Final Rules ,
Loan Forgiveness ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
Small Business
On April 9, the U.S. Treasury Department (Treasury) and Federal Reserve released initial details regarding the establishment of the Main Street Business Lending Program (Main Street Program) to provide up to $600 billion in...more
5/5/2020
/ Borrowers ,
Eligibility ,
Federal Reserve ,
Lenders ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Midsize and Large Business Loans ,
SBA ,
Small Business ,
SPVs ,
U.S. Treasury