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Category: CARES Act

April 29, 2020

SBA Issues New Rule on Timing of Disbursements

On April 28, 2020, the U.S. Small Business Administration (“SBA”) posted a sixth Interim…

CARES Act, COVID-19, Economic Injury Disaster Loan, News, Paycheck Protection Program

April 28, 2020

SBA Will Audit PPP Loans Over $2 Million

In an interview this morning on CNBC, Treasury Secretary Steven Mnuchin indicated that the…

CARES Act, COVID-19, News, Paycheck Protection Program

April 27, 2020

SBA Issues New Rule for PPP Loans to Seasonal Employers

On April 27, 2020, the U.S. Small Business Administration (“SBA”) posted a fifth Interim…

CARES Act, COVID-19, Paycheck Protection Program

April 26, 2020

SBA Posts New Rule with More Guidance on Affiliation and Eligibility for PPP Loans

On April 24, 2020, the U.S. Small Business Administration (“SBA”) posted a new Interim…

CARES Act, COVID-19, Paycheck Protection Program

April 26, 2020

SBA FAQ Addresses “Good Faith Certification” by PPP Loan Applicants

Visit our COVID-19 Resource Center for information on the latest developments with the Paycheck…

CARES Act, COVID-19, News, Paycheck Protection Program

April 25, 2020

President Signs $484 Billion Coronavirus Aid Bill

On Friday, April 24, 2020, President Trump signed the $484 billion Paycheck Protection Program…

CARES Act, COVID-19, Economic Injury Disaster Loan, News, Paycheck Protection Program

April 22, 2020

Senate Approves Additional Funding Bill for SBA Loan Programs

After days of extensive negotiations, the U.S. Senate voted to approve new legislation on…

CARES Act, COVID-19, Economic Injury Disaster Loan, Paycheck Protection Program

April 19, 2020

Latest PPP Rule Includes Guidance for Individuals with Self-Employment Income

Visit our COVID-19 Resource Center for information on the latest developments with the Paycheck…

CARES Act, COVID-19, News, Paycheck Protection Program

April 19, 2020

SBA Rule Clarifies PPP Eligibility for Partners/Partnerships

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security…

CARES Act, COVID-19, Paycheck Protection Program

April 18, 2020

SBA Publishes Report on PPP Loan Approvals Through April 16

Earlier today, the U.S Small Business Administration (SBA) issued an updated report on the…

CARES Act, COVID-19, News, Paycheck Protection Program