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...
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 20, 2020 | Firm Overview Articles, Nonprofit & Charitable Organizations Law News
On Friday, the Federal Reserve announced two new loan options under the Main Street Lending Program. The options make loans available to accommodate a wider range of nonprofit organizations that are ineligible for Paycheck Protection Program loans. The minimum...
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...
