Firm News
Main Street Lending Program Is Now Fully Operational
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...
SBA Releases PPP Borrower Loan Information
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,...
PPP Application Deadline Extension Signed Into Law
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...
Patrick Barrett Quoted in June 26, 2020 Edition of the Midlands Business Journal
Patrick J. Barrett Labor and Employment Law Attorney pbarrett@fraserstryker.comFraser Stryker attorney Patrick Barrett was quoted in the June 26, 2020 edition of the Midlands Business Journal. In an article entitled "Legal experts recommend mindful considerations as...
IRS Releases Guidelines for Coronavirus-Related Distributions and Loans Taken from Retirement Plans Under the CARES Act
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...
SBA Releases Notice on Refinancing EIDL Program with PPP Proceeds
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...
President Trump Issues Executive Order Restricting Entry to the US on Certain Nonimmigrant Visas
On June 22, 2020, President Trump signed an Executive Order suspending entry to the United States pursuant to certain H-1B, H-2B, J, L-1, and related dependent Visas, through December 31, 2020. The Executive Order also continues the prior Executive Order, issued...
Fraser Stryker Welcomes 2020 Summer Associates
Fraser Stryker welcomes our 2020 Summer Associate Class to the Firm: Andrew J. Ascher, Shayna N. Bartow, Chelsey B. Borchardt, and Kaitlin A. Madsen. The Fraser Stryker Summer Associate program is designed to provide law students with exposure to diverse, substantive...
SBA Announces Disclosure of PPP Recipient Information
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...
SBA Releases Updated Loan Forgiveness Applications
Today, the Small Business Administration (SBA) in consultation with Treasury released two Paycheck Protection Program (PPP) applications for loan forgiveness: a revised PPP loan-forgiveness form that is simplified and updated to account for changes made by the PPP...
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