Banking & Commercial
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SBA Publishes Additional Guidelines for PPP Loan Forgiveness
The SBA has published additional guidance regarding PPP loan forgiveness. The guidance attempts to answer continued questions from small businesses about the process of applying…
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Main Street Lending Program: An Alternative Funding Source*
Small business owners anxiously refreshed their email inboxes hoping for some word from the U.S. Small Business Association (“SBA”) on their fate under the Paycheck…
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Steps Unsecured Creditors Can Take When Customer’s Face Bankruptcy
Many small businesses will struggle to survive the financial challenges brought on by the novel coronavirus. Historically, Chapter 11 of the Bankruptcy Code was an…
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New Guidance For PPP Loans, Good Faith Standard
On April 23, 2020, the SBA published a guideline in their list of Frequently Asked Questions addressing businesses that received a PPP loan but that…
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Deadline to Return PPP Loan Extended to May 14, 2020
The Small Business Administration has once again updated their guidelines regarding the good faith certification made by businesses that received a PPP loan. On April…
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Other Funding May Affect PPP Loan Forgiveness
Recent guidelines published by the SBA have prompted a lot of questions among small businesses who received a PPP loan under the CARES Act. Many…
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President Signs New Coronavirus Deal
As expected, President Trump approved the second round of funding under the CARES Act on Friday, April 24, 2020, which is set to become active…
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Senate Passes New Coronavirus Deal
Five days after funding for small businesses under the CARES Act was depleted, the Senate approved a new stimulus package with funds totaling almost $500…
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Paycheck Protection Program Runs Out of Money
The $350 billion Paycheck Protection Program (PPP), created as part of the CARES Act to assist small businesses affected by the COVID-19 pandemic, has been…
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