Apr 7, 2020 | Firm Overview Articles, Business & Corporate Law News
Last night, the Small Business Administration (SBA) and Treasury Department updated its frequently asked questions on the Small Business Administration’s Paycheck Protection Program to address implementation questions for lenders and borrowers. Key highlights include:... read more
Apr 3, 2020 | Firm Overview Articles, Business & Corporate Law News
The SBA updated banks last night with a new Paycheck Protection Program Application form in the link below (as of this email). The revised form can be identified at the bottom left of the page referencing SBA Form 2483 04/20 (it was 03/20). If you completed, signed... read more
Apr 3, 2020 | Firm Overview Articles, Business & Corporate Law News
Last night, the Small Business Administration (SBA) issued an interim final rule providing additional implementation guidelines and requirements for the Paycheck Protection Program (PPP). The SBA has made considerable changes from the original information provided and... read more
Mar 31, 2020 | Firm Overview Articles, Business & Corporate Law News
April 5, 2020 Updates: The Treasury confirmed that all borrowers will receive the same terms. The interest rate is changed and will be a 1.0% fixed rate and the term will be 2 years for any principal not forgiven. Salary, wages and other compensation is capped at... read more
Mar 31, 2020 | Firm Overview Articles, Business & Corporate Law News
On Friday, March 27, 2020, President Donald J. Trump signed into law the bi-partisan Coronavirus Aid, Relief, and Economic Security Act (the, “CARES Act”). Sections 2301 through 2307 of the Act help generate cash flow and liquidity to keep business going and maintain... read more
Mar 27, 2020 | Firm Overview Articles, Business & Corporate Law News
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which is primed to inject $2 trillion into the economy in response to the COVID-19 national emergency, became law. Key takeaways from the CARES Act... read more
