Insights

PPP Application Deadline Extended to August 8, 2020

Over the weekend, President Trump signed into law a bill extending the application deadline under the Paycheck...

Federal Reserve Updates Terms of Main Street Lending Program

The Federal Reserve has released additional details on the previously announced Main Street Lending Program (the “Program”). ...

Treasury and SBA Release New PPP Loan Forgiveness Guidance

We previously explained the significant changes to the Paycheck Protection Program (PPP) enacted by the Paycheck Protection...

New PPP Law Provides Further Relief for Small and Medium Sized Businesses

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020...

SBA Issues Guidance on Loan Forgiveness and Audit Procedures

The Small Business Administration (SBA) has released two new interim final rules providing additional guidance with respect...

New SBA Guidance Allows PPP Loan Increases for Partnerships

New SBA Guidance Allows PPP Loan Increases for Partnerships The Small Business Administration (SBA) has released a...

New Guidance Available Regarding Necessity of PPP Loans

The U.S. Department of the Treasury and the Small Business Administration (SBA) have once again updated their...

Second Round of PPP Funding Open and New Guidance Available

As of April 27th, the Paycheck Protection Program (PPP) is once again accepting loan applications, following the...

Paycheck Protection Program and Main Street Lending Program Updates

1.       Paycheck Protection Program Audits On May 3, 2020, the Small Business Administration (SBA), in consultation with...