May 5, 2021 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) announced yesterday that the Paycheck Protection Program (PPP) funding has been exhausted. The PPP application portal has now stopped accepting applications for loans from most lenders. The SBA reserved approximately $6 billion...
Mar 3, 2021 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (“SBA”) has issued a new Interim Final Rule that allows certain borrowers to calculate their maximum loan amounts using gross income. The SBA has also updated its forms for borrowers and lenders to account for this change. Previous...
Jan 29, 2021 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) has encountered multiple questions pursuant to the Paycheck Protection Program (PPP). As a result, SBA issued additional guidance to assist borrowers who incurred issues while applying for Second Draw PPP Loans. The information...
Jan 14, 2021 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will fully re-open to all lenders and eligible borrowers on Monday, January 18th. In order to assist smaller borrowers who may have difficulties accessing the financial...
Jan 7, 2021 | Firm Overview Articles, Business & Corporate Law News, Nonprofit & Charitable Organizations Law News
Title III of Division N of the Consolidated Appropriations Act, 2021 appropriates $15 billion in grants for “Shuttered Venue Operators.” The Small Business Administration (SBA) is tasked with providing grants (Hard Hit Grants) under the Economic Aid to Hard-Hit Small...
