Oct 9, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) in consultation with Treasury issued new guidance for the Paycheck Protection Program (PPP) addressing a simpler loan forgiveness application for PPP loans of $50,000.00 or less. In the new interim final rule, PPP borrowers with...
Oct 9, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) in consultation with Treasury issued a new Frequently Asked Question regarding the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act). As background, the Flexibility Act extended the deferral period for...
Aug 26, 2020 | Firm Overview Articles, Business & Corporate Law News
On August 24th, an Interim Final Rule (“IFR”) was released by the SBA on Treatment of Owners and Forgiveness of Certain Non-payroll Costs. Importantly, the IFR is critical to properly calculating the payroll costs allowable toward forgiveness of a PPP...
Jul 24, 2020 | Firm Overview Articles, Business & Corporate Law News
Yesterday, the Small Business Administration (SBA) issued a procedural notice to Paycheck Protection Program (PPP) lenders that provides detailed instructions on the PPP loan forgiveness process. SBA’s procedural notice gives background information regarding the...
Jul 7, 2020 | Firm Overview Articles, Business & Corporate Law News
**See the 12/2/20 update to PPP and EIDL borrower loan information on this blog post. Last night, the Small Business Association (SBA) released loan information for Borrowers under the Paycheck Protection Program (PPP). Key highlights include: The information...
