Firm News
Mark Brasee Quoted in January 15, 2021 Edition of the Midlands Business Journal
Mark L. Brasee mbrasee@fraserstryker.comIn the January 15, 2021 edition of the Midlands Business Journal, Fraser Stryker attorney Mark Brasee was quoted in an article entitled "Businesses may deduct expenses paid with PPP Loans", by David Kubicek. In the article,...
SBA Phases in PPP Reboot
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will fully re-open to all lenders and eligible borrowers on Monday, January 18th. In order to assist smaller borrowers who may have difficulties accessing the financial...
PPP to Re-Open Week of January 11, 2021
Rev. 01/11/2021 The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will re-open the week of January 11th. In order to assist smaller borrowers who may have difficulties accessing the financial system, initially only community...
Grants Available for Shuttered Venue Operators
Title III of Division N of the Consolidated Appropriations Act, 2021 appropriates $15 billion in grants for “Shuttered Venue Operators.” The Small Business Administration (SBA) is tasked with providing grants (Hard Hit Grants) under the Economic Aid to Hard-Hit Small...
Updated DOL Guidance on the FFCRA
The US Department of Labor ("DOL") has provided updated guidance for employers regarding employee leave related to COVID-19. The FFCRA, enacted in March 2020 at the start of the pandemic, required employers with fewer than 500 employees to provide employees...
Fraser Stryker Welcomes Two New Partners: Brandon Crainer and Rhianna Kittrell
Fraser Stryker PC LLO is pleased to announce the recent election of two attorneys to partner, effective January 1, 2021. “We are delighted to announce the addition of two talented attorneys, Brandon Crainer and Rhianna Kittrell, as Shareholders,” said Michael Coyle,...
New Paycheck Protection Program Loans Available Soon
On Sunday, December 27, 2020, the president signed into law another major COVID-19 relief bill within the omnibus federal spending legislation called the Consolidated Appropriations Act, 2021. We have summarized the stimulus portion of the bill here: December 2020...
New Federal Stimulus Package Passed As Part of Omnibus Spending Bill
Rev. 12/28/20 As part of omnibus federal spending legislation called the Consolidated Appropriations Act, 2021, the federal government provides approximately $900 billion in additional coronavirus relief funds. This stimulus package extends or renews a number of...
Updated EEOC Guidance on Mandatory Vaccinations
In an article published last month entitled "Can Employers Require Employees to Get Vaccinated for COVID-19", we addressed whether employers may require their employees to be vaccinated with the COVID-19 vaccine. Now that COVID-19 vaccines are being...
SBA: Borrowers Must Recognize CARES Act Loan Subsidies As Income
Key Highlights: SBA requires borrowers to recognize, as income, any loan payments made on behalf of a borrower by the SBA. SBA requires lenders to complete and send the necessary IRS forms to such borrowers. As part of the CARES Act, the Small Business Administration...
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