Jul 7, 2020 | Firm Overview Articles, Business & Corporate Law News
On Monday, July 6, the Federal Reserve Bank of Boston announced that the Main Street Lending Program (MSLP) is now fully operational. The program, established by the Federal Reserve to ease economic stress placed on businesses by the COVID-19 pandemic, allows the... read more
Jul 7, 2020 | Firm Overview Articles, Business & Corporate Law News
Last night, the Small Business Association (SBA) released loan information for Borrowers under the Paycheck Protection Program (PPP). Key highlights include: The information includes: business names, addresses, NAICS codes, zip codes, business type, demographic data,... read more
Jul 1, 2020 | Firm Overview Articles, Business & Corporate Law News
7/6/2020 Update: Saturday night, the President signed the PPP application deadline extension into law. This evening, the House of Representatives passed a bill that extended the deadline for small business owners to apply for Paycheck Protection Act loans. The Senate... read more
Jun 24, 2020 | Firm Overview Articles, Business & Corporate Law News, Employee Benefits & ERISA News
The CARES Act, passed by Congress and signed into law by the President to provide coronavirus-related relief, temporarily modified certain distribution and loan rules that apply to employee retirement plans. The goal of these changes is to provide “qualified... read more
Jun 24, 2020 | Firm Overview Articles, Business & Corporate Law News
On Friday, the Small Business Association (SBA) released a notice to provide guidance on using Paycheck Protection Program (PPP) proceeds to refinance SBA Economic Injury Disaster Loans (EIDL). Key highlights include: Any EIDL received before January 31, 2020, or... read more
Jun 23, 2020 | Firm Overview Articles, Business & Corporate Law News
On Friday, the Small Business Administration (SBA) and Treasury agreed to publish the names and amount ranges for all recipients of Paycheck Protection Program (PPP) loans between $150,000 and $10.0 million. The SBA will disclose the business names, addresses, NAICS... read more
