New guidance from the Small Business Administration (SBA) sheds light on questions that arise in the context of M&A transactions where one of the companies has secured a potentially forgivable loan through the Paycheck...more
The Small Business Administration (SBA) has opened the portal for applications for forgiveness of Paycheck Protection Program (PPP) loans established under the Coronavirus Aid, Relief and Economic Security Act (CARES Act)....more
On Monday, June 8, 2020, the Federal Reserve Board announced changes to the Main Street Lending Program intended to allow a greater number of small and medium sized businesses to participate in the program. The Federal...more
Today, the Small Business Administration (SBA) issued additional guidance regarding the required good faith certification of need by borrowers under the Paycheck Protection Program (PPP), providing safe harbor to all...more
The National Credit Union Administration (NCUA) issued an Interim Final Rule on April 27, 2020, regarding the treatment of loans made by credit unions under the SBA’s Paycheck Protection Program (PPP), which was created as...more
On April 2, 2002, the Small Business Administration (SBA) issued an Interim Final Rule, adding to the guidance it issued previously with respect to the Paycheck Protection Program (PPP) contained in The CARES Act, which...more
The Small Business Administration (SBA) has released its guidance with respect to the Paycheck Protection Program (PPP) contained in The CARES Act, which authorizes up to $349 billion in forgivable loans to small businesses...more