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An Overview of US Government Actions After Closures of Silicon Valley Bank and Signature Bank

Below is a brief synopsis of the failures of Silicon Valley Bank (“SVB”) and Signature Bank, NA (“Signature Bank”) and the actions taken by the U.S. government in response to these failures. Silicon Valley Bank...more

Paycheck Protection Program (PPP) Update – SBA Withdraws Loan Necessity Questionnaire

The Paycheck Protection Program (PPP) officially ended on May 31, 2021. From April 2020 through May 2021, the program provided approximately 12 million loans totaling nearly $800 million that helped businesses keep their...more

Applying for PPP Loan Before March 31st Deadline [Video]

Time is of the essence for businesses to apply for relief from the Paycheck Protection Program. Jackson Walker finance partners Lindsey Berwick and John Wittenberg join hosts Art Cavazos and Daniel Maldonado to discuss the...more

Paycheck Protection Program – Biden-Harris Administration Announces PPP Reforms

On Monday, February 22, 2021, the Biden-Harris administration announced several reforms to the Paycheck Protection Program (“PPP“), including - Starting at 9 a.m. EST on Wednesday, February 24, 2021, through Tuesday, March...more

Paycheck Protection Program – An Overview of the 2021 PPP and Update on PPP Loan Forgiveness

On Monday, December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA), which contains a $900 billion COVID-19 relief package that, among many other initiatives, reauthorizes and modifies the Paycheck...more

What's Next for the Paycheck Protection Program? by Lindsey Berwick and John Wittenberg [Audio]

While the deadline to apply for a Paycheck Protection Program (PPP) loan has passed, an August 8th extension is en route to President Trump for his signature. Since the program's implementation in April, the Small Business...more

CARES Act Update – Overview of Expanded Main Street Lending Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more

SBA Releases New Paycheck Protection Program Loan Forgiveness Applications, Including an EZ Application

Revised PPP Loan Forgiveness Applications - On June 16, 2020, the Small Business Administration (SBA) released revised Loan Forgiveness Applications in connection with the Paycheck Protection Program (PPP)...more

Paycheck Protection Program Flexibility Act Of 2020 – Amendments Affording Greater Flexibility To PPP Borrowers

The Acts - On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress...more

Paycheck Protection Program Update – SBA Issues Guidance on Loan Forgiveness and Loan Review Procedures

CARES Act and PPPHCE Act - On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain eligible recipients in response to the...more

Paycheck Protection Program Loan Forgiveness Update

CARES Act and PPPHCE Act – Paycheck Protection Program Funding - On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain...more

SBA Offers Safe Harbor on PPP Good Faith Certifications of Necessity

When submitting a Paycheck Protection Program (PPP) loan request, medical providers and all other borrowers must certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support the...more

CARES Act and the Paycheck Protection Program and Healthcare Enhancement Act – What You Need to Know

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more

CARES Act Update – Federal Reserve and U.S. Treasury Establish Main Street Business Lending Program to Provide Liquidity to...

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more

CARES Act Update – Federal Reserve and U.S. Treasury Establish Municipal Liquidity Facility to Provide Financial Assistance to...

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more

CARES Act & New, Expanded Small Business Lending (Update #2)

This article has been revised to include updates to the Paycheck Protection Program FAQs, the Small Business Administration’s Franchise Directory, and additional FAQs related to faith-based organizations. On March 27, 2020,...more

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