News & Analysis as of

Paycheck Protection Program (PPP) Business Interruption

J.S. Held

Current Enforcement Efforts in the Battle Against COVID-19 Loan Program Fraud

J.S. Held on

The COVID-19 pandemic caused unprecedented impacts around the world including stay-at-home orders, curfews, quarantines, and economic uncertainty. Businesses across the United States were forced to close their doors, limit...more

Pillsbury Winthrop Shaw Pittman LLP

K.C. Hopps Holds That Juries—Not Judges—Should Decide if Coronavirus Causes Physical Loss or Damage

The presence of virus on the premises that renders the property unsafe can cause physical loss or damage and trigger property coverage without any distinct, demonstrable physical alteration. Juries, not judges, get to...more

Chambliss, Bahner & Stophel, P.C.

Initial PRF Reporting Deadline Extended to September 30; Other New Deadlines Provide

On Friday, June 11, 2021, the Department of Health and Human Services (HHS) announced four new deadlines for using and reporting on Provider Relief Fund (PRF) distributions. The new guidance was issued through an updated...more

Fox Rothschild LLP

PPP Borrowers Face Risks In Completing SBA Form 3509

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The Small Business Administration is conducting inquiries into some of the loans obtained through the Paycheck Protection Program that seek details about a company’s financial status not only before the loan was requested,...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Microbusinesses -UPDATED April 2021 #1

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

Seyfarth Shaw LLP

Commercial Litigation Outlook - 2021

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As the nation emerges from the pandemic, clients face the double-whammy of delayed resolution of existing disputes (thanks to court shutdowns) and increased litigation activity across the board. The third quarter of 2020 saw...more

Stoel Rives LLP

COVID Relief Update: This Week at the SBA

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This week has seen three significant developments relating to Small Business Administration (“SBA”) programs designed to help businesses weather the lingering impacts of COVID-19....more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs for Nonprofits - UPDATED March #3

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

Brownstein Hyatt Farber Schreck

House Passes PPP Extension Act of 2021

On March 16, the House passed 415-13 H.R. 1799, the PPP Extension Act of 2021. The bill would extend the Paycheck Protection Program (PPP) loan application deadline to May 31 from March 31 and give the Small Business...more

Troutman Pepper Locke

Checklist of Considerations: Transactions During the Pandemic and After

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Who Needs to Know - Buyers and sellers. Why It Matters - In an economy bearing the effects of the COVID-19 pandemic, buyers and sellers continue to seek opportunities and address liquidity needs. We offer this...more

ArentFox Schiff

Happy Birthday, Employee Retention Tax Credit: Congress’s Gift to Cash-Strapped Employers Extended Through December 31

ArentFox Schiff on

The Employee Retention Tax Credit (“ERTC”) has been expanded and extended further, providing relief to small and large employers affected by COVID-19 business disruptions. As we approach the one-year anniversary of its...more

Fox Rothschild LLP

Senate Passes $28.6 Billion In Restaurant Relief

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On March 6, 2021, the Senate passed President Joe Biden’s $1.9 trillion COVID-19 relief package known as the American Rescue Plan (ARP), including a $28.6 billion fund to assist restaurants. The relief package now heads back...more

Hahn Loeser & Parks LLP

Performing Arts Venues, Movie Theaters, And Museums Shuttered By COVID-19 May Soon Apply For Federal Grants

Playhouses, music venues, movie theaters, museums, and other live performance spaces that have been largely shuttered for nearly a year as a result of COVID-19 will soon be eligible to apply for grants of up to $10 million...more

Bond Schoeneck & King PLLC

COVID-19 in the Workplace - PPP Update, COVID Plans from the Biden Transition Team, Higher Education Relief Package Provision,...

In these sessions, we not only summarize the week’s latest federal and state guidance, we will also offer insights on: - All aspects of employment law compliance - Paycheck Protection Program, tax credits and other economic...more

Katten Muchin Rosenman LLP

PPP 2 LOANS —A Second Opportunity for Eligible Businesses to Obtain Forgivable Loans

This advisory summarizes the terms, eligibility and application requirements of the new Payment Protection Program loan (PPP 2 Loans) under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, which...more

Roetzel & Andress

Paycheck Protection Program Second Draw Opens For Small Businesses, Hotels, & Restaurants

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Signed into law on December 27, 2020, The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act creates a second opportunity for businesses that have utilized the full amount of their First Draw Paycheck...more

Stoel Rives LLP

COVID Relief Bill Includes ITC and PTC Extensions

Stoel Rives LLP on

Congress yesterday passed the “Consolidated Appropriations Act, 2021” (the “Bill”), which, among many other things, extends several energy-related tax provisions, including the production tax credit (“PTC”) under Section 45...more

Wilson Sonsini Goodrich & Rosati

COVID Relief Bill Contains Energy Tax Extenders

On December 21, 2020, lawmakers on Capitol Hill passed a tax extenders package as part of a larger COVID relief bill, the Consolidated Appropriations Act, 2021 (the act). President Trump is expected to sign the act into law...more

Winthrop & Weinstine, P.A.

Approved Federal Stimulus Package Offers Help for Small Businesses

Following intense negotiations in Washington, Congress has finally approved the latest federal stimulus package as part of the Consolidated Appropriations Act, 2021, which is pending the President’s signature as of December...more

Foley & Lardner LLP

New SBA PPP Loan Necessity Questionnaire Is Available Prior To OMB Approval: Are Lenders Jumping the Gun?

Foley & Lardner LLP on

On October 26, 2020, the Small Business Administration (SBA) published notice in the federal register that it is seeking approval from the government’s Office of Management and Budget (OMB) to release two new forms (Form 3509...more

Brownstein Hyatt Farber Schreck

SBA Begins Issuing Loan Necessity Questionnaires to Certain PPP Borrowers

Last week, the Small Business Administration (SBA) began asking SBA Paycheck Protection Program (PPP) lenders to issue over 50,000 loan necessity questionnaires to borrowers that received $2 million or more in funds from the...more

PilieroMazza PLLC

SBA Issues Guidance for PPP Lenders on Required Consents for Change in Ownership of PPP Borrowers

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On Friday, October 2, the U.S. Small Business Administration (SBA) issued guidance for lenders administering loans under the Paycheck Protection Program (PPP) regarding what involvement by the SBA (if any) is required when a...more

Troutman Pepper Locke

Navigating Adapted Operations Advisory Series: Part Two - Insurance Coverages Concerns and PPP Loan Requirements

Troutman Pepper Locke on

Who Needs to Know - Employers who are reopening (or have already reopened) by bringing employees back to their workplaces. Why It Matters - Bringing a workforce back to the workplace, whether from teleworking,...more

Dickinson Wright

Dickinson Wright COVID-19 Resource Guide

Dickinson Wright on

Dickinson Wright created the COVID-19 Resource Guide as an easy-to-use document for businesses and individuals. We thank our knowledgeable authors and contributors, who provided their time and talent to produce these...more

ArentFox Schiff

COVID-19 Class Action Update: Employment, PPP, Business Interruption Insurance, and Airline Refunds Drive New Litigation

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In addition to battling class certification, businesses swept into these class actions may be faced with consolidation motions in multidistrict forums. The Arent Fox Class Actions group has been tracking COVID-19 class...more

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