News & Analysis as of

Tax Relief Economic Injury Disaster Loans

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

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

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

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

Shumaker, Loop & Kendrick, LLP

Client Alert: Collaboration in Congress: The Road to Finally Passing an End-of-Year COVID-Relief Bill

Late on Sunday, December 27th, after initially raising concerns about the pandemic relief measure that had overwhelmingly passed Congress days before, President Trump signed the measure into law, ending a long political...more

Seyfarth Shaw LLP

Paycheck Protection Program Update: Additional COVID Relief under the Coronavirus Aid, Relief, and Economic Security Act ("CARES...

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On December 27, 2020, President Trump signed into law the $2.3 trillion coronavirus relief and government funding bill. In addition to other provisions, the law specifically adds $284 billion to the already successful...more

Partridge Snow & Hahn LLP

Coronavirus Relief Bill Renews and Brings Changes to PPP and EIDL Programs

On December 21, 2020, Congress passed an approximately $900 billion coronavirus relief bill, the largest since the CARES Act was enacted in March. If signed into law, a portion of the bill labeled the “Economic Aid to...more

Dickinson Wright

Dickinson Wright COVID-19 Resource Guide

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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

Kilpatrick

Monthly Minute | Financial Relief for COVID-19

Kilpatrick on

Once a month, we cover an interesting topic. This month, Senior Associate Richard Goldstucker and Summer Associate Bennett Gillogly discuss COVID-19 financial relief and the Main Street Lending Program....more

Lowenstein Sandler LLP

Paycheck Protection Program (PPP) Information Sheet: Nonprofit Borrowers

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The following information has been adapted from the Small Business Administration’s (SBA) Paycheck Protection Program Borrower Information Fact Sheet to provide information tailored for nonprofits. This document is for...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs for Small Businesses

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We have been sharing client alerts about the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) created by the CARES Act.  Below are some frequently asked questions and answers with respect to the PPP...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs for Small Businesses

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This article is not intended to give, and should not be relied upon for, legal advice in any particular circumstance or fact situation. Use of this article does not create an attorney-client relationship between you and...more

Seyfarth Shaw LLP

Update: Paycheck Protection Program and Health Care Enhancement Act Increases Funds Available to Hospitals and Health Care...

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On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law, appropriating $75 billion for hospitals and other eligible health care providers for health care related expenses or lost...more

Pillsbury Winthrop Shaw Pittman LLP

The CARES Act: Key Provisions Affecting Commercial Real Estate Companies

The CARES Act continues to provide crucial financial assistance for small and midsize businesses as well as tax relief for property owners and real estate companies. The Paycheck Protection Program and Health Care...more

Proskauer Rose LLP

Paycheck Protection Program – Where Are We Now? An Up-To-Date Guide to the Paycheck Protection Program

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Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, the U.S. Small Business Administration (the “SBA”) and the U.S Treasury Department (“Treasury”) have issued a...more

McNees Wallace & Nurick LLC

CARES Act: Financial Relief For Nonprofit Organizations

As employers continue to navigate the uncertainty of COVID-19’s financial impact on their organizations, many eligible business owners are taking advantage of emergency loan opportunities made available by the Coronavirus...more

Rumberger | Kirk

Treasury and Federal Reserve Announce Additional $2.3 Trillion in Lending as Part of CARES Act to Support Economy

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On April 9, 2020, the U.S. Treasury and Federal Reserve Board announced new and expanded lending programs providing up to $2.3 trillion in loans to further support the economy during the coronavirus crisis. ...more

Chambliss, Bahner & Stophel, P.C.

CARES Financial Relief for Nonprofits

The Paycheck Protection Program will enable eligible nonprofit organizations that have been adversely affected by the COVID-19 pandemic to obtain funds to cover payroll, rent, interest, and utilities. For further information...more

Chambliss, Bahner & Stophel, P.C.

Small Business Financial Relief Through the Paycheck Protection Program

The CARES Act provides $350 billion to the Paycheck Protection Program to allow the Small Business Administration (SBA) to guarantee 100% loans (with interest rates not to exceed 4%) made by local SBA preferred lenders to...more

Perkins Coie

Business Immigration Considerations During the COVID-19 Pandemic

Perkins Coie on

Companies affected by COVID-19 must carefully consider immigration implications for all foreign national and expat employees, including issues of immigration compliance. Those businesses with employees working in the United...more

Harris Beach PLLC

Integrity and Oversight Processes in CARES Act Warrant Careful Review

Harris Beach PLLC on

The COVID-19 crisis has spurred unprecedented government action on multiple fronts, including the passage of the Coronavirus Aid, Relief, and Economic Security legislation (the “CARES Act”). The legislation is...more

Perkins Coie

Congress Opens Streamlined Reorganization Process to More Debtors

Perkins Coie on

An important improvement aimed at ensuring a faster, less expensive, and more tailored approach to reorganizations involving smaller businesses was embedded in the recent $2 trillion recovery package known as the Coronavirus...more

Stinson LLP

Applying SBA's Affiliation Rules and Guidance to Private Equity and Venture Capital Portfolio Companies Seeking PPP Loans

Stinson LLP on

By now, businesses are deep into consideration of whether they should seek a loan under the Paycheck Protection Program (PPP), being administered by the Small Business Administration (SBA) under the Coronavirus Aid, Relief,...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

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