Paycheck Protection Program

On October 2, 2020, the Small Business Administration (SBA) issued a long awaited Procedural Notice providing guidance with respect to a change of ownership of businesses that borrowed Paycheck Protection
Continue Reading US Small Business Administration Issues Guidance on Change in Ownership of PPP Loan Borrowers

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