Updated as of August 16, 2021 -
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the...more
The SBA is currently reviewing SVO Grant applications and issuing awards. As of August 2, 2021, the SBA had made decisions on 97% of all applications. SVO Grant program reports, which detail the number of applications...more
Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, Congress has enacted subsequent laws and the U.S. Small Business Administration (the “SBA”) and the U.S...more
The SBA is currently reviewing SVO Grant applications and issuing awards. As of July 19, 2021, the SBA had made decisions on 95% of all applications. SVO Grant program reports, which detail the number of applications...more
[co-author: Perry Laub]
Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, Congress has enacted subsequent laws and the U.S. Small Business Administration (the...more
The SBA is currently reviewing SVO Grant applications and has begun issuing awards. SVO Grant program reports, which detail the number of applications submitted and awards granted, and lists of SVO Grant recipients are...more
The SBA is currently reviewing SVO Grant applications and has begun issuing awards. SVO Grant program reports, which detail the number of applications submitted and awards granted, and lists of SVO Grant recipients are...more
[co-author: Perry Laub]
The restaurant industry has been among the hardest hit by the COVID-19 pandemic. The National Restaurant Association reported in its 2021 State of the Restaurant Industry that, as of December 1,...more
[co-author: Laura Peterson]
Originally published on December 30, 2020 and updated as of April 7, 2021.
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was...more
4/9/2021
/ Artists ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Entertainment Industry ,
Entertainment Venues ,
Federal Grants ,
Movie Theaters ,
Museums ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA
[co-author: Laura Peterson]
Originally published on December 30, 2020 and updated as of March 18, 2021.
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was...more
3/18/2021
/ Artists ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Entertainment Industry ,
Entertainment Venues ,
Federal Grants ,
Movie Theaters ,
Museums ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA
[co-author: Perry Laub]
The restaurant industry has been among the hardest hit by the COVID-19 pandemic. The National Restaurant Association reported in its 2021 State of the Restaurant Industry that, as of December 1,...more
[co-author: Laura Peterson] -
Originally published on December 30, 2020 and updated as of March 10, 2021.
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding,...more
3/15/2021
/ Artists ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Entertainment Industry ,
Entertainment Venues ,
Federal Grants ,
Movie Theaters ,
Museums ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA
On Monday, February 22, 2021, President Biden announced changes to the Paycheck Protection Program (the “PPP”) aimed at providing relief to particularly small businesses and promoting equitable access to the PPP....more
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit...more
2/19/2021
/ Artists ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Entertainment Industry ,
Entertainment Venues ,
Federal Grants ,
Movie Theaters ,
Museums ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA
This yearly report provides a summary of some of the significant changes and developments that occurred in the past year in the hedge fund and private equity spaces, as well as certain recommended practices that investment...more
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit...more
2/8/2021
/ Artists ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Entertainment Industry ,
Entertainment Venues ,
Federal Grants ,
Movie Theaters ,
Museums ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA
Summary of the Corporate Transparency Act under the National Defense Authorization Act for Fiscal Year 2021 -
On January 1, 2021, the Corporate Transparency Act (the “CTA”), which is part of the National Defense...more
The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19 relief funding, was signed into law on December 27, 2020. Section 324 of Title III of the CAA, the Economic Aid to Hard-Hit...more
1/5/2021
/ Artists ,
Consolidated Appropriations Act (CAA) ,
Entertainment Industry ,
Entertainment Venues ,
Grants ,
Motion Picture Industry ,
Museums ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business
On October 22, 2020, the Federal Reserve Bank of New York (“New York Fed”) released an amended form of Master Loan and Security Agreement (the “MLSA”), which governs loans issued under its Term Asset-Backed Loan Facility...more
Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, the U.S. Small Business Administration (the “SBA”) and the U.S Treasury Department (“Treasury”) have issued a...more
10/7/2020
/ CARES Act ,
Interest Rates ,
Loan Forgiveness ,
Main Street Lending Programs ,
Mergers ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
SBA ,
Small Business Loans ,
Term Sheets ,
U.S. Treasury
Fed Releases Updated Frequently Asked Questions for Business and Nonprofit Facilities and Instructions for Lender Required Documentation -
On September 18, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”)...more
9/28/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Eligibility ,
Federal Reserve ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Nonprofits ,
SBA ,
Small Business ,
Special Purpose Vehicles ,
Term Sheets
On August 24, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) published an updated set of Frequently Asked Questions for the Business Facilities (defined below) and an updated set of Frequently Asked Questions for...more
On May 20, 2020, the Federal Reserve Bank of New York (the “New York Fed”) released the form of Master Loan and Security Agreement (“MLSA”) that will govern loans issued under its Term Asset-Backed Loan Facility (“TALF”) and...more
8/31/2020
/ Asset-Backed Securities ,
Borrowers ,
Coronavirus/COVID-19 ,
Due Diligence ,
Federal Loans ,
Federal Reserve ,
FinCEN ,
Issuer Eligibility Criteria ,
Master Loan and Security Agreement (MLSA) ,
SBA ,
Securities Exchange Act ,
Special Purpose Vehicles ,
Term Asset-Backed Securities Loan Facility (TALF) ,
Term Sheets
On August 6, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) published an updated set of Frequently Asked Questions for the Nonprofit Facilities (defined below) (“Nonprofit FAQs”) which are part of the Main Street...more
8/18/2020
/ Borrowers ,
CARES Act ,
Eligibility ,
Federal Reserve ,
Lenders ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Nonprofits ,
SBA ,
Special Purpose Vehicles ,
Term Sheets
Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, the U.S. Small Business Administration (the “SBA”) and the U.S Treasury Department (“Treasury”) have issued a...more
8/12/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Interim Final Rules (IFR) ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Taxes ,
SBA ,
Small Business ,
Small Business Loans