Photo of Jessica Baquet

Continuing the trend of releasing amorphous guidance at the eleventh hour, this afternoon the Department of the Treasury (Treasury) and the U.S. Small Business Administration (SBA) released much-anticipated guidance as
Continue Reading Breaking News: New Guidance Issued, PPP Loans of $2 Million or More to Face Scrutiny When Forgiveness is Sought

This afternoon, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (the Act) into law.

Among other things, the Act appropriates an additional $310 billion to the
Continue Reading Legislation Appropriating Additional Funds to the Paycheck Protection Program Passes, But Access to New Applicants Will Be Limited

This morning, the Small Business Administration (SBA) issued a Lapse in Appropriations Notice, in which it announced that it would not accept additional applications for the Paycheck Protection Program
Continue Reading Paycheck Protection Program and EIDL Loan Programs Depleted, Senate Adjourns With No Deal for Additional Funding

We have blogged extensively about the Paycheck Protection Program (PPP) established by the Coronavirus Aid, Relief and Economic Security (CARES) Act. The CARES Act appropriated $349 billion to the
Continue Reading U.S. Treasury Posts Paycheck Protection Program Interim Final Rule Relating to Self-Employment, Dealing Blow to Partnerships and LLCs