Dec 31, 2020 | Firm Overview Articles, Business & Corporate Law News
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...
Dec 2, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Association (SBA) has released the specific loan information of Borrowers under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). This release arises from a federal court ruling in early November. The SBA released...
Jul 24, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) recently issued a guidance document to depository financial institutions regarding SBA’s Economic Injury Disaster Loan (EIDL) Program, and regarding reporting of suspicious activity. The EIDL direct loan program offers...
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 4, 2020 | Firm Overview Articles, Business & Corporate Law News
On May 4, 2020, the Small Business Administration (SBA) will accept new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. According to the SBA’s announcement,...
