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Interim Final Rule Implements No Surprises Act Provisions

Interim Final Rule Implements No Surprises Act Provisions

Aug 30, 2021 | Firm Overview Articles

On July 13, 2021, the Department of Labor (“DOL”), Health and Human Services (“HHS”), and the Internal Revenue Service (“IRS”) released a joint Interim Final Rule implementing certain provisions of the No Surprises Act, a new law...
Second-Draw Paycheck Protection Program Loan Guidance Issued by SBA

Second-Draw Paycheck Protection Program Loan Guidance Issued by SBA

Jan 22, 2021 | Firm Overview Articles, Business & Corporate Law News

Overview: The SBA issued an Interim Final Rule and Frequently Asked Questions dated January 19, 2021, to help lenders and borrowers comply with the rebooted Paycheck Protection Program (PPP). The guidance assists borrowers in calculating their reduction in revenue to...
SBA Issues Guidance for Simpler Loan Forgiveness for PPP Loans Under $50,000

SBA Issues Guidance for Simpler Loan Forgiveness for PPP Loans Under $50,000

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...
SBA Releases Guidance Regarding SBA Loan Review Procedures and Responsibilities of Borrowers and Lenders

SBA Releases Guidance Regarding SBA Loan Review Procedures and Responsibilities of Borrowers and Lenders

May 27, 2020 | Firm Overview Articles, Business & Corporate Law News

On May 22, 2020, the SBA posted an interim final rule which addresses SBA’s reviews of individual PPP loans, processes and timelines for dispositions of PPP loan forgiveness applications, and lender fees. SBA Process for Review of PPP Loans The SBA has clarified...
SBA Now Limits PPP for Corporate Groups to $20 Million

SBA Now Limits PPP for Corporate Groups to $20 Million

May 1, 2020 | Firm Overview Articles, Business & Corporate Law News

The SBA issued a new Interim Final Rule yesterday, April 30, 2020, limiting PPP loans for corporate groups to $20 million. Key Highlights: Businesses that are part of a single corporate group cannot receive more than $20 million in PPP loans in the aggregate. A...
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The attorneys of Fraser Stryker PC LLO provide legal advice and representation to clients throughout the United States and internationally.

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