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PPP Loan Necessity Certifications and Fraud Investigations

A recent article in the Wall Street Journal highlights renewed talk in some circles about allegedly “growing evidence” of fraud among PPP participants.  We think the observation of the former federal prosecutor who is quoted...more

What Businesses and Lenders Need to Know About The CARES Act and the Paycheck Protection Program

The Coronavirus Aid, Relief, and Economic Security, or “CARES Act” - the third emergency bill that Congress has prepared in response to the Coronavirus (COVID-19) pandemic - was signed into law Friday, March 27, 2020. ...more

SBICs and the CARES Act

A small business investment company (“SBIC”) is an investment company that is licensed and regulated by the Small Business Administration (“SBA”). The SBA lends low-cost, government-backed capital to SBICs, which SBICs may...more

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