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...
May 29, 2020 | Firm Overview Articles, Business & Corporate Law News
Over the past week, the Federal Reserve Bank of Boston hosted an “Ask the Fed” webinar with prospective borrowers and lenders, and updated frequently asked questions to refine its guidance on the Main Street Lending Program (“Main Street”). The...
May 13, 2020 | Firm Overview Articles, Business & Corporate Law News
Today, the SBA released guidance regarding its process for reviewing borrowers’ required good faith certifications concerning the necessity of their Paycheck Protection Program (PPP) loan request. That guidance is available here at Question No. 46. When...
Apr 29, 2020 | Firm Overview Articles, Business & Corporate Law News
The SBA issued another Interim Final Rule last night, April 28, 2020, confirming how a Paycheck Protection Program (PPP) loan must be disbursed. Key Highlights: Lenders must disburse PPP loan proceeds in one single disbursement 10 days from SBA approval. Lenders file...
