News & Analysis as of

Paycheck Protection Program (PPP) Small Business Administration Biden Administration

Benesch

Paycheck Protection Program (“PPP”) Loan Fraud: A Survey & Analysis of Recent Civil & Criminal Enforcement Outcomes

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The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in or around March 2020 designed to provide emergency financial assistance to the millions of Americans who were suffering the...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – January 2023 #2

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SBA Releases Preview of New HUBZone Maps Effective July 1, 2023 - HUBZone contractors have been anxiously awaiting updates to the HUBZone maps. In 2021, the Small Business Administration (SBA) extended the “freeze” on the...more

Morrison & Foerster LLP

Biden Administration Extends Statute of Limitations for PPP and EIDL Fraud to Ten Years

Two weeks ago, President Biden signed two laws extending the statute of limitations for civil and criminal fraud actions involving the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) to ten years....more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – February 2022

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DOJ Recovers Over $5.6 Billion From Fraud and False Claims Act Matters in FY 2021: 6 Key Takeaways - On February 1, 2022, the U.S. Department of Justice (DOJ) announced that it had recovered more than $5.6 billion in Fiscal...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – January 2022 #2

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LITIGATION & DISPUTE RESOLUTION - Non-Compete Agreements: What Employers and Healthcare Providers Should Know - Non-compete clauses are a common component in employment agreements for many businesses, including healthcare...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – August 2021 #2

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GOVERNMENT CONTRACTS - Class Deviation Regarding Exceptions to the Limitations on Subcontracting Requirements for Small Business Concerns Under FAR Part 19 - The Civilian Agency Acquisition Council published a...more

Lowenstein Sandler LLP

Paycheck Protection Program Round 2: FAQs For Microbusinesses - June 2021

The Paycheck Protection Program closed on May 28, 2021. The SBA is no longer accepting new applications from participating lenders. The following FAQs are for informational purposes only and to assist borrowers who obtained...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - May 2021 #4

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On May 26, SBA Administrator Isabella Casillas Guzman began a series of hearings on the Hill that will continue through May 28. On May 26, she testified before the House Committee on Small Business in a hearing titled “An...more

Lowenstein Sandler LLP

Paycheck Protection Program Round 2: FAQs For Nonprofits

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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

Smith Debnam Narron Drake Saintsing & Myers,...

Never Fear, The American Rescue Plan Is Here

The Biden administration has hit the ground running with several items on its agenda which impact the employment relationship. On March 12, the American Rescue Plan was passed by Congress and signed into law. This new law...more

Rumberger | Kirk

Restaurant Revitalization Grant Offers Relief to Restaurants and Bars: Opens May 3

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It is no secret that the restaurant industry has been one of the harder-hits of the COVID-19 pandemic. With government shutdowns, limits on hours, restricted operations, and social distancing requirements,...more

Hinshaw & Culbertson LLP

Restaurant Revitalization Grant Program Provides Grants to a Wide Range of Eligible Entities

President Biden signed into law the American Rescue Plan Act of 2021 (ARP Act) on March 11, 2021. The $1.9 trillion economic recovery package revised the Paycheck Protection Program (PPP) and the Shuttered Venue Operator...more

Lowndes

SBA Announces New Application Details and Guidelines for the $28.6-billion Restaurant Revitalization Fund

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On Saturday, April 17, 2021, the Small Business Administration (SBA) provided an update for the Restaurant Revitalization Fund (RRF) grant application....more

Schwabe, Williamson & Wyatt PC

10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #4

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

Schwabe, Williamson & Wyatt PC

What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans - Update #3

Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans - On January 6, 2021, the Small Business...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Nonprofits -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

Miller Canfield

UPDATED: PPP Application Deadline Extended to May 31, 2021

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UPDATED, APRIL 5, 2021: On March 30, 2021, President Biden signed the PPP Extension Act of 2021 into law extending the Paycheck Protection Program from March 31, 2021, to June 30, 2021. However, the SBA may not accept new...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – April 2021

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PilieroMazza Reacts to the Rise in Violence Against the Asian-American Community - In the past year, 3,800 acts of violence were perpetrated against the Asian-American community, with a disproportionate number of these...more

Lowndes

PPP Application Deadline Extended to May 31

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On Tuesday, President Biden signed an extension of the Paycheck Protection Program (“PPP”) into law. The law extends the deadline to apply for a PPP Loan to May 31 (from March 31) and extends the date for loan authorization...more

Goodwin

PPP Extended; CFPB Revokes Pandemic-Related Regulatory Relief

Goodwin on

In This Issue. President Biden signed a bill extending the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) through May 31, 2021; the Consumer Financial Protection Bureau (CFPB) announced the rescission...more

McCarter & English, LLP

SBA to Provide $28.6 Billion In Grants For Restaurants And Bars

The $1.9 trillion stimulus package, known as the American Rescue Package (the “Rescue Package”), enacted on March 11, 2021, established a $28.6 billion Restaurant Revitalization Fund (“Restaurant Fund”) for restaurants and...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 Microbusinesses - UPDATED March 2021 #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

Buchalter

Buchalter COVID-19 Client Alert: PPP Application Deadline Extended to May 31, 2021

Buchalter on

On Tuesday, March 30, the President signed the PPP Extension Act of 2021, extending the deadline for submitting PPP loan applications from March 31, 2021 to May 31, 2021. Significantly, the Act also gives SBA until June...more

Burr & Forman

PPP Loan Application Date Extended by Congress

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President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021 to May 31, 2021.  The new law gives qualifying businesses and...more

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