The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) makes important changes to the Small Business Administration (SBA) Economic Impact Disaster Loan (EIDL) program and creates the Paycheck Protection Program...more
This alert serves as a follow-on to our alert SBA Provides Emergency Disaster Loans for Small Businesses, published March 25, 2020, and takes into account recent federal legislative developments.
As we reported in our...more
The federal government, through the United States Small Business Administration (SBA), has made Economic Injury Disaster Loans (EIDLs) available to small businesses severely impacted by the Coronavirus (COVID-19) emergency....more
The CARES Act (the “Act”), as passed by the Senate and the House, includes the creation of a new Small Business Administration (SBA) 7(a) loan program called the Paycheck Protection Program (PPP). As drafted, PPP would enable...more