One of the seminal programs under the CARES Act is the forgivable Paycheck Protection Program (PPP) loan fund, which has been reported on in depth over the past month. For details on the program and its forgiveness...more
Over the past week, the U.S. Department of Education (USDOE) and the New York State Education Department (NYSED) announced financial relief, spending flexibilities and additional guidance pertaining to local education...more
As discussed in our prior memo, the Paycheck Protection Program (PPP) loan is now available to eligible small businesses, nonprofits, veterans’ organizations, tribal concerns, eligible self-employed individuals, independent...more
The Coronavirus Economic Stabilization Act (the Stimulus Act) was established as part of the CARES Act. The Stimulus Act authorized two loan programs for large and midsize businesses: 1) the Main Street Lending Program...more
On April 14, 2020, the Small Business Association (SBA) issued an Interim Final Rule providing guidance on the CARES Act Paycheck Protection Program (PPP) and eligible self-employed individuals....more
April 1, 2020 By: Elizabeth L. Lehmann, Kate Chmielowiec, and Jeffrey B. Scheer The Department of Treasury has announced that eligible small businesses will be able to apply to the CARES Act Paycheck Protection Program (PPP)...more
Small businesses face unprecedented and unique financial difficulties in wake of the COVID-19 pandemic. This Information Memo provides a comprehensive summary of three main relief programs that may be available to small...more
Earlier today, the House of Representatives passed and President Trump signed the Coronavirus Aid, Relief and Economic Security Act or the CARES Act (the Act). The Act provides certain relief for businesses and individuals...more
In the wake of the coronavirus pandemic, the U.S. Small Business Association (SBA) announced that it will provide economic injury disaster loans for coronavirus related economic disruptions. Eligible entities may qualify for...more
The Public Charge provision has been a longstanding part of U.S. immigration policy. Under longstanding regulations, if an individual was likely to become a “public charge” based on their receipt of “public benefits,” that...more