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SBA Issues Guidance on How it Will Review Paycheck Protection Program Loan Necessity Certifications

Today, the Small Business Administration (SBA) published guidance regarding its intended approach to review of borrower certifications that a Paycheck Protection Program (PPP) loan was necessary to support ongoing...more

Update: Paycheck Protection Program - Additional SBA Guidance Released

As discussed in a previous client alert issued by Stoel Rives’ corporate team, the Paycheck Protection Program (“Program”) is part of a quickly evolving regulatory landscape. With a tremendous amount of information and...more

Update: SBA Issues Paycheck Protection Program Loan Interim Final Rules, Interest Rate Increased from 0.5% to 1%

As anticipated, things are subject to swift changes as the Small Business Administration (“SBA”) embarks on a regulatory sprint to promulgate rules that will help administer the Paycheck Protection Program (“Program”). The...more

Paycheck Protection Program: Loan Applications Now Available, Submit on April 3, 2020

To cope with the financial impacts of the COVID-19 pandemic, under the Paycheck Protection Program (“Program”) established by the Coronavirus Aid, Relief, and Economic Security Act (“Act”), eligible businesses may receive a...more

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