The Small Business Administration (“SBA”) recently released draft Paycheck Protection Program (“PPP”) necessity questionnaires for comment and review by the public. The draft questionnaire is a continuation of the SBA’s required good faith certification by borrowers that the “[c]urrent economic uncertainty makes [the PPP loan] request necessary to support the ongoing operations” of the applicant...Read More
Guidance for businesses that have received funds under the Paycheck Protection Program (“PPP”) and are now considering or undergoing a change of ownership.Read More
Highlights of Paycheck Protection Program FAQs on Loan Forgiveness issued by SBA to address borrower and lender questions concerning forgiveness of PPP loans.Read More
DOL states that eligible employees may take paid FFCRA or extended leave if a minor child’s summer camp (or other like summer program) is closed due to COVID-19.Read More
New Paycheck Protection Program Flexibility Act of 2020 (HR 7010) provides useful updates for small business borrowers under the CARES Act’s Paycheck Protection Program (PPP), including increased leeway in how funds are spent and more lenient forgiveness terms.Read More
Eligible businesses partially or fully disrupted by COVID-19, including those repaying PPP loans by the safe harbor deadline, should consider taking advantage of refundable payroll/employee retention tax credits provided for under the CARES Act.Read More
$310 billion added to Paycheck Protection Program. What small businesses should do now to prepare for the reopening of the application process.Read More
Indiana Order Aims to Protect Individual Stimulus Payments from Private Creditors; Financial Institutions Should Carefully Review Judgement-Debtors' AccountsRead More
What small businesses should know about the Paycheck Protection Program (PPP) and the Economic Insurance Disaster Loan (EIDL), two components of the CARES Act that provide funding for small businesses.Read More
