News & Analysis as of

Small Business Loans State of Emergency

White & Case LLP

COVID-19: Kazakhstan Government Financial Assistance Measures - Ensuring Economic Stability. Support of Small and Medium-Sized...

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In March 2020, based on Decrees No.285 of the President of the Republic of Kazakhstan “On Imposition of the State of Emergency in the Republic of Kazakhstan” dated 15 March 2020 and No.286 “On Measures to Ensure Social and...more

White & Case LLP

COVID-19 Response: US Federal Regulatory (Updated April 28, 2020)

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In response to the global COVID-19 crisis, US federal financial regulators are taking important actions that affect US and non-US financial institutions, other financial services providers, consumers, and the US and global...more

Dechert LLP

Government Stimulus Spending Likely to Lead to False Claims Act Investigations and Enforcement Actions

Dechert LLP on

Through the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the federal government has passed an emergency stimulus package that will result in an unprecedented US$2 trillion infusion into the private and...more

Jaburg Wilk

Paycheck Protection Program

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What is the Paycheck Protection Program? The Paycheck Protection Program, the PPP, is a newly enacted federal law to help employers deal with the fallout from COVID-19. Employers with less than 500 employees can qualify for a...more

Hinshaw & Culbertson LLP

A Funding and Business Viability Checklist for Companies Contending with Effects of the COVID-19 Crisis

The COVID-19 crisis is having a very substantial impact on many businesses. On a daily basis, they are struggling to continue their operations while facing mounting economic losses and ongoing cash flow shortfalls. A number...more

Skadden, Arps, Slate, Meagher & Flom LLP

COVID-19 Entertainment Update: Guidance for Entertainment Companies

The global coronavirus (COVID-19) crisis continues to have a devastating impact across all segments of the entertainment industry. The cancellation or postponement of film and television productions, concerts, sporting...more

Miles & Stockbridge P.C.

Maryland COVID-19 Tax Relief and Emergency Relief Fund Programs

On March 5, 2020, Maryland Governor Larry Hogan proclaimed a state of emergency related to COVID-19. Pursuant to that proclamation, Governor Hogan and the Office of the Comptroller of Maryland (the “Comptroller”) have taken...more

Conn Kavanaugh

Small Business Loans Under the Coronavirus Aid, Relief and Economic Security (Cares) Act

Conn Kavanaugh on

On Friday, March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act became law. One of the key provisions of the CARES Act is the introduction of a new Paycheck Protection Program, which makes significant...more

Foley Hoag LLP

COVID-19 Relief Loans for Small Businesses

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Small businesses adversely affected by COVID-19 may apply for special loans provided or guaranteed by the U.S. government. There are two types of loans: 1. Economic Injury Disaster Loans (“Disaster Loans”) directly from...more

Jaburg Wilk

SBA Offers Economic Disaster Relief Program to Small Business

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On March 19, 2020, Arizona Governor Doug Ducey issued an executive order aimed at restraining the spread of COVID-19 which limits many business operations in Arizona. Impacted small businesses are wondering how are they going...more

Tucker Arensberg, P.C.

PA Launches Funding Source for Impacted Small Businesses: COVID-19 Working Capital Access Program

Tucker Arensberg, P.C. on

On March 25, 2020, Pennsylvania Governor Tom Wolf announced the launch of the COVID-19 Working Capital Access Program (CWCA). The CWCA is intended to provide loans of up to $100,000 to eligible small business enterprises. ...more

Balch & Bingham LLP

Summary of Coronavirus Aid, Relief, and Economic Security (CARES) Act

Balch & Bingham LLP on

On March 25, 2020, the Senate voted 96-0 to approve the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The House is expected to vote on this bill on Friday, March 27....more

Spilman Thomas & Battle, PLLC

What You Should Know About the Small Business Administration’s Disaster Loan Program

The COVID-19 pandemic has hit small businesses particularly hard. And, the Small Business Administration’s disaster loan program can offer many of those small businesses a lifeline. But, it can be daunting to know what relief...more

Williams Mullen

SBA Provides Emergency Disaster Loans for Small Businesses

Williams Mullen on

The federal government, through the United States Small Business Administration (SBA), has made Economic Injury Disaster Loans (EIDLs) available to small businesses severely impacted by the Coronavirus (COVID-19) emergency....more

Tucker Arensberg, P.C.

Economic Injury Disaster Loans Administered Through the SBA

Tucker Arensberg, P.C. on

The Small Business Administration (SBA) has implemented an Economic Injury Disaster Loan program. The program provides low or no interest loans up to $2MM for working capital needs or normal business operating expenses...more

UB Greensfelder LLP

Coronavirus (COVID-19): Guidance For Government Contracts

UB Greensfelder LLP on

The coronavirus creates unique challenges for companies doing business with the government. Some pressing issues and questions include: (1) what to do if your company cannot continue performance of a government contract; (2)...more

Smith Anderson

Emergency Loan Program for Small Businesses and Non-Profits Impacted by COVID-19

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In addition to threatening the health and safety of people across the United States and the world, the coronavirus (COVID-19) outbreak has already had a significant impact on many small businesses and non-profit...more

Lathrop GPM

Small Business Loans Announced for COVID-19

Lathrop GPM on

As our nation, states, and local governments continue to respond to the COVID-19 pandemic, we know these are difficult times for all of our clients, but in particular for our nonprofit clients and friends. Extending lines...more

Lowenstein Sandler LLP

Economic Stimulus Package: Expect Passage Within Days (Rogers)

Lowenstein Sandler LLP on

In a proposal originally penned by the Treasury Department and taken up by Senate Republicans, the Trump Administration seeks passage of a nearly $1 trillion Novel Coronavirus/COVID-19 relief and economic stimulus plan that...more

Jackson Walker

FEMA – Who, What, When, and How of Filing Claims, Part 2

Jackson Walker on

The Federal Emergency Management Agency (FEMA) is responsible for implementing the Robert T. Stafford Disaster Relief and Emergency Act, which authorizes federal assistance when the President issues a federal declaration for...more

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