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Williams Mullen's COVID-19 Comeback Plan: Part II – Doing Business With the Commonwealth of Virginia
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FCPA Compliance and Ethics Report-Episode 169-the First Mailbag Issue
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On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
Borrowers under the Small Business Administration’s (the “SBA”) Paycheck Protection Program (“PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for...more
New COVID-19 Relief Act provides funding for a wide array of eligible persons and entities: live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion...more
Borrowers under the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for and...more
Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more
On Friday, May 15, 2020, the Small Business Administration (SBA) published the “Paycheck Protection Program (PPP) Loan Forgiveness Application” to be completed by borrowers to have their PPP loan forgiven. The Form itself...more
Over the past few weeks, many of our clients who have received Paycheck Protection Program (“PPP”) loans have expressed concern about whether they had adequate basis to certify that their PPP loan request was necessary to...more
Small Business Administration (SBA) guidance published on May 13, 2020 adds clarity to the “necessity” certification that borrowers were required to make when applying for Paycheck Protection Program (PPP) loans. According...more
On April 23, 2020, the SBA issued FAQ No. 31 addressing the PPP loan application certification that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the [a]pplicant,”...more
Recent statements by Small Business Administration (SBA) and Treasury Department officials have confused many Paycheck Protection Program (PPP) borrowers and led many to return PPP funds or consider doing so. Finally, the SBA...more
The U.S. Small Business Administration (“SBA”) announced on Wednesday, May 13 that businesses that received Paycheck Protection Program (“PPP”) loans of less than $2 million will be deemed to have made the required...more
Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Small Business Administration (SBA) is tasked with administering the Paycheck Protection Program (PPP), the loan program intended to allow...more
Today, the Small Business Administration (SBA) issued additional guidance regarding the required good faith certification of need by borrowers under the Paycheck Protection Program (PPP), providing safe harbor to all...more
Nelson Mullins white collar attorneys Gabriel Imperato, Lester Perling, and Mike Ruggio will discuss the potential liabilities and whistleblower risks associated with application, certification, and receipt of COVID-19...more