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Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Microbusinesses - UPDATED March 2021 #2

Lowenstein Sandler LLP on

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

Morrison & Foerster LLP

The SBA Imposes A $20M Limit On PPP Loans For Corporate Groups

On April 30, 2020, the U.S. Small Business Administration (SBA) issued a sixth interim final rule on the SBA’s Paycheck Protection Program (PPP), one of the relief programs available under the Coronavirus Aid, Relief, and...more

Cozen O'Connor

SBA Issues Additional Guidance On Affiliation Rules Under The Paycheck Protection Program

Cozen O'Connor on

As previously reported, the Small Business Administration (SBA), in consultation with the Department of Treasury, has separately issued an interim rule on its affiliation rules and Frequently Asked Questions (FAQs) on the...more

Morgan Lewis

Nonprofits: CARES Act Offers COVID-19 Relief, But Requirements Can Be Complex

Morgan Lewis on

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides economic relief to organizations, including nonprofits, facing financial challenges as a result of the coronavirus (COVID-19) pandemic....more

Ballard Spahr LLP

Major Paycheck Protection Program Developments Since the (Initial) Interim Final Rule

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The SBA’s initial Interim Final Rule addressing the CARES Act’s Paycheck Protection Program (“PPP”), released on April 2, and its revised Borrower Application Form and Lender Application Form for a PPP Loan Guaranty, released...more

Shook, Hardy & Bacon L.L.P.

COVID-19 Client Primer | Paycheck Protection Program

The Paycheck Protection Program Under the CARES Act Title I of the recently enacted CARES Act provides for the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP) to assist eligible borrowers with loans...more

Perkins Coie

Small Business Loans and the CARES Act: What PE and VC Investors Need to Know About the SBA’s Affiliation Rules

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A key feature of the nearly $2 trillion economic stimulus bill signed into law on March 27, 2020, is the creation of a $350 billion “Paycheck Protection Program” (PPP) to authorize loans to businesses affected by the COVID-19...more

Lewitt Hackman

Frequently Asked Questions Regarding the Paycheck Protection Program

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As of April 2, 2020 On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and economic relief...more

Troutman Pepper

Paycheck Protection Program: Are You Feeling Small and Left Out? There May be an Answer for You

Troutman Pepper on

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created a new program within the U.S. Small Business Administration’s (SBA’s) flagship 7(a) Loan Program called the “Paycheck Protection Program” (PPP). Under...more

Pierce Atwood LLP

COVID-19: SBA Clarifies Affiliation Rules for Paycheck Protection Program

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On Thursday, April 2, 2020, the U.S. Small Business Administration (SBA) issued its Interim Final Rule to the Paycheck Protection Program (PPP). The final rules provide, in part, that entities eligible to apply for PPP loans...more

Winthrop & Weinstine, P.A.

Paycheck Protection Program: SBA Affiliation Rules

The Coronavirus Aid, Relief and Economic Security Act authorizes $349 billion in forgivable Section 7(a) Small Business Administration (“SBA”) loans under the “Paycheck Protection Program”, to be issued by qualified SBA...more

McGuireWoods Consulting

Coronavirus and Its Impact on Education (Updated)

This memo is a follow up to last week—and the emails you have received from us since—regarding the Coronavirus Aid Relief and Economic Security Act (CARES Act). After days of negotiations and failed votes, the revised “third...more

Cooley LLP

Alert: SBA Programs Under the CARES Act: Are You Eligible for Federal Assistance?

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As has been well publicized, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a $2 trillion economic relief package enacted to help individuals and businesses in the United States weather the severe...more

Tarter Krinsky & Drogin LLP

The Coronavirus Aid, Relief, And Economic Security Act: What It Means For Your Business

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the largest emergency spending measure in U.S. history, has been passed by both houses of Congress and was signed into law by President Trump on March 27,...more

Morrison & Foerster LLP

CARES Act Enacted: Financial Services Provisions

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the third phase of congressional economic relief in response to COVID-19. Among other things, the...more

Morrison & Foerster LLP

Brief Overview of CARES Act Loan Programs

The Coronavirus Aid, Relief, and Economic Security Act (the “Cares Act”), establishes two loan programs intended to provide liquidity to businesses in the United States: (1) the Coronavirus Economic Stabilization Act of 2020...more

Fox Rothschild LLP

CARES Act: A Comparison Of SBA Loan Programs For Small Businesses

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With Coronavirus Aid, Relief and Economic Security Act (CARES Act) now law, the following is intended to be helpful summary for small businesses evaluating which Small Business Administration (SBA) loan program – the Economic...more

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